if they are the sole provider and are working full time
Pros of Raising Minimum Wage
The minimum wage supports the livelihood of the people stuck in the lower rungs of the economy. A pure capitalist would argue that a poor person deserves their fate at least economically speaking because you can only fairly compensate someone for the value of their work. If you lack a specific high value skill, then you can’t be handsomely paid for using it; however, curls secret babyliss, in regards to the value of a minimum wage, babyliss rasoir, that seems to miss the point. There are several good reasons for raising the minimum wage anyway.
According to policy analyst Kai Filion of the Economic Policy Institute, a $1 increase of the minimum wage produces $800 of additional spending each business quarter by families with minimum wage workers. This stimulus is more effective than
another type of economic stimulus by which the government simply provides rebate checks to Americans to help promote consumerism. The core advantage of the first policy is that it represents a consistent increase in one’s pay, justifying a long term shift in consumer spending, whereas a simple rebate justifies only a temporary adjustment.
Inflation rises steadily each year, though occasionally only by fractions of a point. One problem with inflation is that it erodes the value of a single dollar over the long term, which impacts the poorest people in society worst, since a dollar is more valuable to them than a rich person. In other words, if a person with $10 loses 10 percent of the total value of their money over a five year period, then their $10 is devalued to $9, a substantial decrease in purchasing power. By comparison, epilateur electrolyse babyliss, the same situation applied to someone with $10,000 decreases the value of their wealth to $9,000, a considerably more powerful figure than $9. Thus, by raising the minimum wage with the rate of inflation, it is possible to stop the value erosion process of money that most greatly effects the least well off in society.
According to Pennsylvania State University, a living wage is "the hourly rate that an individual must earn to support their family, if they are the sole provider and are working full time (2080 hours per year)." Obviously, if the minimum wage cannot meet the standard of a living wage, then people will be unable to support their families, an especially dangerous situation for those with children. Thus, some might argue that the minimum wage should be raised to make it as close as possible to the living wage. For example, according to Pennsylvania State University’s Living Wage Calculator, acheter babyliss, the living wage in Los Angeles is $11.99 per hour, and the minimum wage is $8 per hour. Thus, magic twist babyliss, minimum wage earning adults with children are making $4 an hour less than they actually need to support themselves and their children. Raising the minimum wage to living wage levels can support the needs of those families
struggling to support themselves and their children.
The Pros Cons of Raising Minimum Wage
The minimum wage is the smallest hourly wage an employer can legally pay an employee. The first minimum wage was adopted in.
Pros Cons on Minimum Wage
The minimum wage is an hourly dollar amount that workers are guaranteed they will be paid. The dollar amount is set either.
Reasons Why the Minimum Wage Should Not Be Raised
From a worker viewpoint, raising minimum wage would seem to carry a number of benefits. Opponents disagree, claiming that an increase only.
Positive Effects of Increasing Minimum Wage
Positive Effects of Increasing Minimum Wage. In the United States, increasing the minimum wage is a historically controversial issue. Some people argue. 相关的主题文章：