Question

In: Economics

Write a position statement on Minimum Wages in the United States.

Write a position statement on Minimum Wages in the United States.

The answer should include the following sections: (1) your topic introduction, (2) your position on the topic, (3) economic arguments against your position, (4) economic arguments for your position, (5) a brief concluding paragraph, and (6) at least three sources which are used in this writing.

 

Solutions

Expert Solution

   MINIMUM WAGES IN THE UNITED STATES

INTRODUCTION

Minimum wage is the lowest income that a person legally recieves for any work.The minimum wage rate varyb between different countries.Minimum wage is seen as away to improve the standards of living of workers which can increase productivity.It is a price floor as to maintain a stable economy ,helps prevent inflation,and increase job availability .

In US, many citizens struggle, barely making it with minimum wage paying jobs. Most people work two to three jobs put together, to pay for their livings and to support for their families. Minimum wage is the lowest wage permitted by law. currently people in the US seem to ignore the fact that raising the minimum wage will put the most people out of work, and does not benafit for US economy

According to, Jon corzine "No family gets rich from earning minimum wage. In fact, minimum wage doesnt even lift a family out of poverty.that means,there should not be a minimum wage. If US removed minimum wage , we could wipe out un employement completely and business could hire workers at all levels.

In this case, I belive that, In US, there are lot of people around the world who struggle with money and asatisfactory way of life.so, there is a standard minimum wage set for the working class of their country and there is a federal minimum wage of seven dollers and twenty five cents per hour worked.We know that almost every state has another set minimum wage,which typically is a little higher than the federal minimum wage but it canot be lower than seven dollers and twenty five cents. As the minimum wage goes up in certain states,the quality of life also improves. The problem with a higher minimum wage is now people are getting paid higher for entry level jobs and people new to the workforce. The cost of living, have a direct effect on how much money people make.

The economiest stephen levy stated that the economy in 2014 was "as good as before the great recesion may be even better". so we can understood unemployment is affected and unemployements rate are improving but sadly there arev still people struggling with un employement and poverty.These struggling citizens are hesitant for another raise of minimum wage because of the effect it will have on goods and services.

conclusion

In this topic causes concerns for a majority of citizens in the United States, the historical statistics have proven to be in favor of raising minimum wage to benafit the economy.Based upon the analysis of this state economy of 2016 to 2019it is safe to conclude that the benafits of an increase of minimum wage outweigh the possible harmful effects.Due to this conclusion, the US leaders should mandate a raise of minimum wage to atleast $10.10 per hour.This should be definitely worth the risk.

SOURCES

1.Minimum wage laws in the states US department of labour

2.Bradley,David H State minimum wages

3.Wikepedia


Related Solutions

Write a position statement on Minimum Wages in the United States. Please write in at least...
Write a position statement on Minimum Wages in the United States. Please write in at least 1000 words. The answer should include the following sections: (1) your topic introduction, (2) your position on the topic, (3) economic arguments against your position, (4) economic arguments for your position, (5) a brief concluding paragraph, and (6) at least three sources which are used in this writing. Please do NOT copy and paste from another source (Looking for answers not plagiarism).
are wages in the United States increasing or decreasing explain your answer
are wages in the United States increasing or decreasing explain your answer
Which of the following would not be included in United States GDP? A. The wages and...
Which of the following would not be included in United States GDP? A. The wages and salaries of North Carolina State government workers. B. An imported computer laser printer manufactured in Singapore and purchased by a Virginia mail order company. C. A Dell computer manufactured in the United States and exported to Italy for use by an Italian college student. D. Sale of 1000 shares of IBM stock on the New York Stock Exchange valued at the current market price...
Write a research proposal on ‘The effect of minimum wages on employment’.
Write a research proposal on ‘The effect of minimum wages on employment’.
Need a short discussion of "Minimum Wages" and needs to be adressed the minimum wages with...
Need a short discussion of "Minimum Wages" and needs to be adressed the minimum wages with economic discussion and critical anayais.
Why the united States should not make $15.00 the minimum wage?
Why the united States should not make $15.00 the minimum wage?
Write a review for the article below Minimum Wages and Employment: A Case Study of the...
Write a review for the article below Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania (CarD and Krueger)
Was NAFTA a success for the United States? Why or why not? 400 words minimum
Was NAFTA a success for the United States? Why or why not? 400 words minimum
Discuss the economic factors to emigration to the United States. (Minimum 200 words).
Discuss the economic factors to emigration to the United States. (Minimum 200 words).
The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages...
The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America. Suppose that James is an economist who collects a simple random sample of the total taxable earnings of workers in 52 American counties during the third quarter...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT