Essay sample library > Should the government raise the minimum wage?

Should the government raise the minimum wage?

2023-05-15 05:17:50

There has been increasing debate about whether the minimum wage that had existed since 1938 was raised or lowered. In 2009, updates per hour were $ 7.25, salaries increased by $ 0.25 per hour.

Minimum wage is the minimum wage rate paid by employers to employees based on hiring time. In many states like Colombia, wages are higher than the recommended number set by the federal government.

Raising the minimum wage paid to an employee may adversely affect the burden that the employer may need to pay attention. Many small and medium-sized enterprises and emerging companies have fewer opportunities for growth, so employment is decreasing or decreasing.

There was discussion on whether it is necessary to raise a person's minimum wage. Some people who agree with the proposed behavior believe that incremental wages have little impact on the unemployment rate. Increasing the minimum wage raises the standard of living for employees and affects employees over the long term. It helps to improve their living environment and therefore they provide some of the materials necessary for their daily needs.

The study also shows that raising the minimum wage can reduce inequality based on racial and gender that may cause a commotion among the majority of citizens in the country. As most government expenditures for social programs for the poor have to be reduced, the results also help to reduce person taxation, thereby reducing taxes that citizens need to pay.

There are also some drawbacks to raising the country's minimum wage. An increase is understood to make it impossible for an employer to hire fewer workers and make it impossible for them to complete the work that can be done by two employees. Many start-ups do not regard employment hiring as a favorable situation. As a result, most of the revenue will be invested in machines that improve productivity using automated processes, not humans.

Many startups are also concerned that many employees are under pressure and will have to take more opportunities to try and limit some of the costs. Some of the wages paid to older workers may be reduced, which affects the decline in motivation to their mental work, which reduces the motivation of people. Although the Federal Government has not raised the minimum wage requirement, many local governments are strengthening the practice of violating national requirements by some employees.

Raising the minimum wage increases the income of black women, decreases poverty, and may reduce inequality in men and women and racial income. State and federal governments need to raise the minimum wage and eliminate the minimum wage to increase the income of black women employed at wages below the minimum wage. A black woman protected by a collective bargaining agreement gains more profit than other colleagues who are not protected by collective bargaining agreements and labor union contracts and enjoy more economic stability. State governments and federal governments can improve the income and employment quality of black women by protecting and strengthening the collective bargaining power of workers. These changes are especially necessary in countries that have passed the "correct labor" law.

The argument which is furious in the United States for many years is the federal minimum wage. Do you need a national minimum wage standard? Should I raise the current federal minimum wage? What are the benefits of minimum wage for part-time and full-time workers? What is the outcome of the rise in minimum wages of employers, employees and the labor market? Does it affect racial equality and gender equality? Can people live with these wages? These problems rebounded in the political arena, the stage of discussion, and the social media platform as long as the minimum wage of the citizens already existed when the hourly wage system was first enacted in 1938.