Why Should Minimum Wage Be Allowed - 1793 Words

In the United States, most teenagers are encouraged to get a job. Usually it is for extra money to pay for their own gas, but sometimes they are helping to support their family. Their starting wage is usually the minimum wage that our nation has set for businesses. Many large corporations start people at or around this wage and may increase it from there. The United States is unique because most of its jobs come from small businesses. America has given great opportunity for ambitious people to be their own boss and sell their own products. This is great for the economy and many people can find jobs through these small businesses. However, small businesses face a greater problem with wages. When the government begins to talk about raising†¦show more content†¦Because of their size, small businesses do not make as much profit as their corporate competitors do. According to Michael Saltsman, a franchise will spend about 30.5% of their sales on their employee’s pay. He es timates that 5% of sales is profit for the franchise (as cited by Knowledge, Business Squeeze section, para. 8). Small business owners are also concerned about the number of employees they could have working for them. If wages were to go up to $15.00 per hour, small business owners would have to give their employees fewer hours, or shrink their work force. Another negative impact on small businesses is trying to make up the money to pay for the increase in pay. Many small businesses would have to raise the prices on their services to pay their employees the required amount. This could cause less business in the facility if customers no longer are interested in paying more. One big misconception is that business owners make a large profit while paying their employees very little. Many people believe that businesses should have no problem with paying their employees more. While this may be true for some businesses, small businesses do not make as much of a profit as a large corporatio n would. Many small business owners keep a small amount to support their families. There are a lot of fees that come with running a business; these include rent for the building, the supplies needed to operate, and the production costsShow MoreRelatedMinimum Wage Persuasive Essay1106 Words   |  5 Pagesmore than the federal minimum wage? If you said yes then perhaps you are unaware of the many negative effects surrounding a higher minimum wage and after reading this you will be educated on why the minimum wage should not be raised. In the beginning, the minimum wage was created with good intentions. It was originally established in 1938 and was $.25 an hour (Sessions). It was created to make sure that businesses would not take advantage over workers. While the minimum wage was and still is a goodRead MoreShould Minimum Wage Be Raised?1062 Words   |  5 Pagesever pressing question regarding Minimum wage. Not many subjects can ignite a controversy as quickly as that of whether o r not minimum wage should be raised, or by how much should it be raised or if it should remain the same. What is minimum wage? By definition, minimum wage is the minimum hourly wage an employer can pay an employee for work. (â€Å"MinimumWage.com†) America’s minimum wage was first introduced by President Franklin D. Roosevelt in 1938. That minimum wage was introduced as part of the FairRead MoreMinimum Wage Is An Issue That Is Causing Uproar Amongst Working Class Citizens?1023 Words   |  5 PagesYimaj Sherif ENG 1520 Dr.James 16 August 2015 Minnsincsndcdcsdc Minimum wage is an issue that is causing uproar amongst working class citizens. For many workers, a simple increase of 30% in the federal minimum wage could be the difference between living in or out of poverty. Over the past few decades there have been countless increases in salaries, although none of those went to people who actually needed it. To this day the rich continue to get richer, vastly increasing their wealth, while theRead MoreMinimum Wage and Its Implications763 Words   |  3 PagesMinimum wage affects everyone. The current minimum wage is at $7.25 and President Obama announced that he wished to see a change in the minimum wage, he wants to raise the hourly wage to $10.10. A rise in the income of those who are employed will also raise the cost of hiring unskilled labor and can potentially reduce the number of people hired by businesses. Also, if minimum wage is raised then the price of the products that the companies are making might increase which will continue the cycle ofRead MoreShould Minimum Wage Be Significantly Increased in the United States?1450 Words   |  6 PagesThe minimum wage was set in a federal mandate back in the 1938, by President Franklin D. Roosevelt, to have a minimum hourly wage set across the United States. The bill is known as the Fair Labor Standards Act (FLSA). It was founded to boost the low-income families and provide some money to the full time workers. In its original form, the bill first covered about 38 percent of the workers in America such as covering the workers in the mining field and transportation industry. As we became more technologicallyRead MoreBenefits Of Minimum Wage Law990 Words   |  4 Pageshave a law in order to complete the bare minimum to afford a decent living condition, food for their families and even to put on decent clothes to keep themselves warm. The minimum wage law was set so employees have a decent living wage and are not in complete ruins after working rough conditions. There ar e many benefits towards the minimum wage law that was set in 1938 by President Roosevelt. It helps laborers who work in rough rugged conditions have a minimum set salary and have them able to affordRead MoreThe Regulation Of Minimum Wage1055 Words   |  5 PagesRegulation of Minimum Wage In today’s society, people face to many serious issues which affect the society both in a positive and negative ways such as increasing the employment rate and increasing the unemployment rate. The increasing of the unemployment rate is caused by some reasons, and one of the problems that causes the high unemployment rate is the issue of the minimum wage. Depending on the states in the U.S., the price of minimum wage is different, but the low minimum wage may cause theRead MoreMinimum Wage vs. Slavery1407 Words   |  6 PagesSLAVERY VS. MINIMUM WAGE Le’Sean Marks English 102; Civil War Term Paper March 21, 2013 In a time like today, everyone who has ever received minimum wage could agree that it is not ideal, nor is it fair in most cases. However, to compare the brutality of minimum wage to that of slavery is preposterous! In slavery, especially the slavery that occurred in America, human beings lacked more than just proper compensation for their labor. Along with not being fairly rewarded: families were rippedRead MoreWomen Have Been Fighting For Equality In The Work Field989 Words   |  4 Pagesmaking living wages and have equal rights. The average salary is clearly higher than it was in the 1800’s and 1900’s but yet the fight remains. The mill girls were the beginning to how we paved the way to America s current labor rights. The mill girls in Massachusetts were a prime example of women who had to fight for most of their lives for fair treatment and equality. Most of the time many aren t even aware that this is going on. For centuries, there has been a fight for wages, equalityRead MoreEthics Module 5 Essay782 Words   |  4 Pagesstudied in Module 2, you should answer  the following questions.  Ã‚  Ã‚  With each answer, you should  discuss the issues and set forth and defend a clear position.   --Federal law requires that employers pay a minimum wage and pay overtime, although some believe that the concept of a living wage is the more ethical standard.  Ã‚  Explain and defend your position on whether you agree or disagree. * I agree that the ethical standard for a living wage is more appropriate than the minimum wage that employers pay