Minimum Wage Justification Essay

Topics:
Words:
513
Page:
1
This essay sample was donated by a student to help the academic community. Papers provided by EduBirdie writers usually outdo students' samples.

Cite this essay cite-image

Nobody Should Be Left Behind

Can a person live a normal life out of poverty with a minimum wage? The federal minimum wage is 7.25 since 2009. Which gives a person about $1,160/month without taking taxes out. This question is only considering a single person. In the aftermath of the basic expenses such as rent, utilities, food, gas, car payment, and car insurance this paycheck scenario based on the real minimum wage would not be enough for one person. Politicians should have into consideration people with family as well. This paycheck will also not give a family or single mom/dad an appropriate living standard. The minimum wage should be raised to an amount that a person can economically adequately live and that will be convenient for the country’s economy.

When the minimum wage is raised, people acquire money to spend, and people react to incentives (EP), without spending/buying the market and our economy would not work the way it does. Consumer spending makes up 68 percent of the US economy. The Circular-Flow diagram (EP) shows how Markets for factors of production take place with firms giving wages/capital to households in exchange for labor/land. The household then buys products from firms, Markets for Goods and Services. This flow demonstrates how our economy works as well as how a higher wage would give people the possibility not only of surviving to pay their bills but to consume. Becoming part of the diagram induces the ripple effect, demand for a product will cause more jobs.

Save your time!
We can take care of your essay
  • Proper editing and formatting
  • Free revision, title page, and bibliography
  • Flexible prices and money-back guarantee
Place an order
document

Teens and restaurant workers are two remarkably affected groups by increasing the minimum wage. States such as California have raised the minimum wage showing little to zero impact on those groups. More than half of the workers under minimum wage are between the ages of 25 and 54 years old, 26% of them have children while nearly two-thirds work full time. 56% of those workers are women, therefore, if the minimum wage would increase, it would reduce the gender pay gap (PES). An increase in the minimum wage would also significantly improve the lives of those of different races as 40 percent of African Americans along with 34 percent of Latinos (PES).

Everyone should be able to live a normal life based on Maslow’s hierarchy of needs by working a full-time job. To achieve a higher living standard for everyone in the USA or Iowa many laws need to change besides the minimum wage, such as where taxes go, tuition costs, and others. The government needs to take action, the first one could be to start increasing the minimum wage according to each state because it exists to protect the workers, in contrast having a low minimum wage benefits the richest pockets. Such a low minimum salary is the alternative to slavery for big firms (NES). It is time to give people a deserved salary in addition to creating a smaller gap between the poor and the rich with a reasonably higher minimum wage. Triggering win to win with more revenue for the government from taxes, higher salaries for workers, and more demand for firms.

Make sure you submit a unique essay

Our writers will provide you with an essay sample written from scratch: any topic, any deadline, any instructions.

Cite this paper

Minimum Wage Justification Essay. (2023, September 19). Edubirdie. Retrieved October 12, 2024, from https://edubirdie.com/examples/minimum-wage-justification-essay/
“Minimum Wage Justification Essay.” Edubirdie, 19 Sept. 2023, edubirdie.com/examples/minimum-wage-justification-essay/
Minimum Wage Justification Essay. [online]. Available at: <https://edubirdie.com/examples/minimum-wage-justification-essay/> [Accessed 12 Oct. 2024].
Minimum Wage Justification Essay [Internet]. Edubirdie. 2023 Sept 19 [cited 2024 Oct 12]. Available from: https://edubirdie.com/examples/minimum-wage-justification-essay/
copy

Join our 150k of happy users

  • Get original paper written according to your instructions
  • Save time for what matters most
Place an order

Fair Use Policy

EduBirdie considers academic integrity to be the essential part of the learning process and does not support any violation of the academic standards. Should you have any questions regarding our Fair Use Policy or become aware of any violations, please do not hesitate to contact us via support@edubirdie.com.

Check it out!
close
search Stuck on your essay?

We are here 24/7 to write your paper in as fast as 3 hours.