...Battle to Raise Minimum Wage Lyvonda Wadley Baker College The raising of minimum wage will have a negative impact on the economy while $15 minimum wage increase ripples across the states. In the article The Hamilton Project explains, “U.S. policymakers continue to engage in an active debate over the minimum wage. Calls for minimum wage increases—at the federal, state, and local levels—are based on the premise that rises in the minimum wage will improve the economic well-being of low-paid workers (Kearney, M. S., & Harris, B. H. (n.d.)... Minimum wage increase would actually have a deleterious effect on the economy, low-skilled workers, unemployment, and surrounding businesses. “Congress instituted the minimum wage in 1938 as part...
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...http://www.thefiscaltimes.com/Articles/2013/08/06/Are-the-Fast-Food-Workers-Right-About-Minimum-Wage Summary of the article: The article is focused in a current controversial issue that involves the fast-food industry and how right are their workers about increasing their minimum wage to $15. The article mentions how a basic living standard is what fast- food workers make to support themselves. The labor Bureau reported that 28 percent of core front-line fast-food workers regularly work 40 or more hours per week, compared to 75 percent of the country’s workforce as a whole. More than two-thirds of workers across the country are over the age of 20, and 68 percent are the main wage earners in their families, and more than a quarter of Americans working in fast-food restaurants are parents, raising at least one child. People who work in fast-food jobs are paid so little that having to rely on public assistance is the rule, rather than the exception, even for those working 40 hours or more a week. Fast food is a $200 billion-a-year industry. The wage for core front-line workers at fast-food restaurants nationally is $8.69 an hour. Only 13 percent of the jobs provide health benefits. The fast-food industry’s low wages and meager benefits, often accompanied by part-time. The article also explains that on the other hand the food industry could react differently to this demand reducing the headcounts. Eventually, putting pressure on those employers will emerge that have trained...
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...what job pays more than others? Is working at, above or below the minimum wage important? Many companies are increasing pay for low-wage workers, in tune with the amount of people arguing for a higher minimum wage standard. These companies include McDonald's, Walmart, TJ Maxx, The Gap, and Target, according to an article from Forbes Magazines. First, with big companies increasing their wages above the minimum wage, some people believe that other companies should also raise their wages above the minimum wage so that they won’t have their employees seeking jobs from these bigger companies. Companies should attempt to find a balance between the wages they can supply and meeting the needs of workers who are attempting to provide for themselves or their families. The cost of goods and services have increased, and with this, it is harder for people to create sustainable living circumstances with the current minimum wage. An article named “Our Research: Minimum Wage” claims “[this] will enhance consumer spending, which can increase the demand for small firms’ good and services and boost their businesses’ bottom lines while strengthening the economy” (Small Business Majority)....
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...Chapter 3 Analysis ………………………………………………7 Chapter 4 Conclusion …………………………………………...10 References …………………………………………………………..12 Abstract This paper discusses some of the additional effects raising the minimum wage income has on society. The United States low wage workers, namely the fast food industry workers are currently demanding higher wages. We will discuss the effect of those higher wages to businesses, the workers and those who we would not think to be affected. Effects of Minimum Wage Increases Chapter 1 Introduction Anyone who watches the local or national news has heard of the recent debate over raising the nation’s minimum wage requirements. Employees of McDonald’s, Wendy’s and Burger King are protesting in the streets and going on strike demanding a $15 per hour minimum wage (Fast Food Workers). These restaurant chains and others do not believe the minimum wage should be raised to $15 per hour for fast-food workers. There are many arguments to support both the demand to raise the minimum wage and not to raise the minimum wage. This paper will focus on different arguments and the impacts of raising the minimum wage will have on society from different angles, the first being how employers may respond to the wage increase by reducing the amount of employees they employ. The second focuses on who the mandated increase will most likely impact. And the third and final being the artificial inflation effects on the consumer. History Raising the minimum wage...
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...newspaper article (e.g. Globe and Mail, National Post, Ottawa Citizen) related to public finance or budgetary policy and identify and explain the relevant explanatory factors based on Simeon's framework. Article: How the minimum wage hike is playing out politically? http://www.cbc.ca/news/canada/toronto/tim-hortons-minimum-wage-ontario-election-1.4485045 In Studying Public Policy, Richard Simeon outlines his framework for public policy in which policy is seen “as a consequence of the environment, of the distribution of power, of prevailing ideas, of institutional frameworks, and of the process of decision-making” (Simeon, 1976, p. 566). Also, Simeon’s explanations should be seen as complementary as each explanation contributes to another as “policy emerges from multiple...
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...Value of Minimum Wage The first attempt to establishing minimum wage was during the Great depression. It failed, due to the Supreme Court striking it down in 1935. Three years later, President Franklin Roosevelt signed the Fair Labor Standards Act, as a result, a minimum hourly wage of 25 cent was inaugurate. Over a century later, Americans are still debating the merits of this fundamental portion of the New Deal. The question is, is it necessary for government to ensure that, low skills worker receive a decent paycheck, or would the economy and low wage earners be better off without government intervention. The logical response is latter, primarily because, the continuity of minimum wage would only raise the unemployment and diminish the employment for low skilled workers. The first argument is, minimum wage will escalate the raise of unemployment rate. –Its basic economics. If the price of labor increase, the demand will plummet. According to James A. Dorn article, Obama Minimum wage hike: A case of zombie economics, “A fundamental law of economics-Law of demand-states that when price of anything increase, the quantity demand will decrease…in the case of labor, this means as the price of labor increase, the number of job will decrease” (Dorn). Dorn statement validates the assertion of unemployment rate escalating while, employment plummet. However, opponents such as President Obama, disregard the law of supply and demand by, proposing to increase the federal minimum wage. During...
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...Rhetorical Strategies: Minimum Wage Whether an opinion piece is effective depends on the expertise of rhetorical strategy of an author. This can either make a written piece convincing or unconvincing to the target audience. A clear example of how rhetorical strategies make a piece more convincing is the comparison of David Laska’s, “Minimum Need for a Minimum Wage Increase”, and Shamus Khan’s, “The Promise of More: Why We Should Raise the Minimum Wage”. By using rhetorical analysis on both opinion pieces Laska clearly makes a better argument. He makes use of logos by including statistics, an expert’s research in the field of minimum wage, and historical data to attack Obama’s decision to raising the minimum wage. He includes pathos to create a sense of disappointment and hopelessness in Obama’s decision effectively to convince his mainly conservative audience. In comparison, Khan also makes use of logos by mainly focusing on historical and some statistical data to convince his more liberal target audience. He also makes use of pathos to instill a sense of remorse for minimum wage workers, and also to call the readers to action. His evidence seems a little weak though, because in one case he forces the reader to open a link for another article for evidence and it seems that his claim relies too much on pathos. First, it is important to note how the author’s ethos affects the basic effectiveness of the article since credibility of writers is vital to convince the target audience...
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...Better employment means better minimum wage that will keep individuals earning enough to keep them out of poverty. Not a few or a couple, but many states and municipalities have all uplifted their minimum wages knowing that the federal minimum wage was just too low and waiting was not going to change anything. According to the article, “$10.10 Minimum Wage Could Actually Create New Jobs: Study” from The Huffington Post by Jillian Berman the EPI’s report concludes a growing body of evidence that, “raising the federal minimum wage from its current $7.25 per hour would help a large swath of Americans...that a $10.10 minimum wage would have been enough to push more than half of the nation’s 10-million plus working poor out of poverty in 2011” (Berman Para. 5). The minimum wage that low-waged workers earn for a family of two is not even enough to support basic needs and living expenses. In fact a study from a July analysis from Wider...
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...bringing a federal minimum wage of 25 cents into effect. FLSA was written to help workers and many supporters believed it would help those that were low-income families. Originally FLSA covered 38 percent of the labor force, mostly in the manufacturing, mining, and transportation industries (Wilson, 2012). Over the decades, Congress has increased the areas of labor force such as air transport (1947), retail (1961), construction industry, public schools, farms, laundries and nursing homes (1966) (Wilson, 2012). In the most current of time FLSA covers about 85 percent of the labor force. Since FLSA inception minimum wages have been raised a total of 22 times. The current federal wage is _____, and Arizona’s current minimum wage is $8.05 per hour. Due to Proposition 202, Arizona’s minimum wage will annually increased on January 1, 2016 and so on....
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...122 million. The country's main export sector is in the garment industry. In 2010, the country decided to raise the minimum wage due to the public's outcry of unfair wages and working conditions. In this research paper, we will look at how the increase of minimum wage has affected the country's economy and what could be done to improve the outcome. Introduction Bangladesh is one of the developing countries of the South Asian region, with the population near about 122 million. Many of the 122 million are garment factory workers whose incomes rely on the garment industry growth and the ability to offer cheaper costs than other countries in the world. Bangladesh is a developing country, which would be consider by most as an old terminology, a third world country, and it's Ready Made Garments (RMG) sector of the textile industry has been known as the biggest earner as an export and the foreign currencies that come as the result of it. The country's Gross Domestic Product (GDP) is greatly contributed by its textile industry. In 2010, the country raised the minimum wage. The fallout was the unforeseen result and halted the country's growing economy. The country's export sector slowed and foreign companies began to start taking their businesses elsewhere to other countries, such as Vietnam and China. We will examine the impact of the minimum wage raise and the possible solution to improve the aftermath of it. Literature Review Step#1 The Transaction Cost...
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...Minimum Wage and the Working Poor HD 403 Poverty Spring 2012 Introduction It is believed one way to help the working poor is to increase the minimum wage to elevate their yearly income. But surveys and studies have shown that raising the minimum wage has done very little to help poverty rate. What it has done is eliminate jobs that the working poor filled and increased inflation. It seems to be an ineffective way to help the poor, a combination of other anti-poverty tools together would produce better results. Issue Each president has wanted to help those in poverty and the working poor in America. President Clinton increased the federal minimum wage to bring up the wages of the working poor. Is that the answer? What will happen when the federal minimum wage is brought up to $9.50 an hour? This article is looking into possibilities of what may happen with poverty and the working poor if the minimum wage were increased. The working poor are people in the workforce but wages still fall below the poverty level. The Fair Minimum Wage Act of 2007 has increased the minimum wage to $7.25 an hour (Rep. Miller, 2007). The Bureau of Labor Statistics reports in 2011, there were 73.9 million American workers age 16 and older were paid hourly wage. But only 1.7 million workers made minimum wage of $7.25 per hour and 2.2 million had wages below the minimum (USDL, 3/2012). The working poor looked like a person who had not graduated high school...
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...Americans were living in poverty. Several years later, the government is still trying to get the Economy back on its feet. Democrats say that raising the minimum wage will increase earnings for millions of workers leading to cash flow which will stimulate the economy. Republicans say that although increasing the minimum wage would help many Americans by increasing their earnings, many Americans would also experience job loss. Increasing the minimum wage would help the economy greatly but could also hurt many of the low-income families. Rex Huppke of the Chicago Tribune, brings up a great point stating that raising the minimum wage is not an effective way to address the poverty issue America faces. When raising the minimum wage, not only will the families living in low-income housing be affected, but also young adults with their first jobs and teenagers working after school. This is a concern because these students aren’t the ones who need the help; it is the families with 5 children who...
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...Primark Case Study Contents: 1: Exclusive Summary 2: Brand Introduction 3: Task 1: Target Market 4: Task 2: Environmental Analysis 5: Task 3: Growth Strategies With Respect To 6: Task 5: Poster Design For Advertising Campaign 7: Task 7: Ethics 8: Appendix 9: Reference Exclusive Summary: This marketing report will provide an integrated marketing campaign for Primark to expand its businesses to Boston, the USA, and Milan, Italy. It will use relevant marketing theories and strategies, which may help Primark to reposition itself to be more competitive and successfully access the new markets. Introduction: Primark, which was founded in Ireland in June 1969, is a subsidiary of Associated British Foods. It has nearly 300 stores and 50000 employees in Austria, Belgium, France, Germany, Ireland, Portugal, Spain, Netherlands, the United Kingdom, the United States and Italy (Primark, 2016a). Primark now wants to reposition itself to be more competitive in its new markets of Boston, the USA, and Milan, Italy. TASK 1: Target Market Segmentation Criteria in Boston: The US market is one of the most competitive retail markets in the world. In the long term, the main customers for Primark in Boston are generation Y, especially 20-34-year-olds, because there is about 35% of aged 20-34 people in Boston (Melnik, 2011). (The age demographic of Boston is showed in Appendix 1) However, in the short term, Primark in Boston, which involves youthful elements in its decoration...
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...Abolishing the Minimum Wage ENGL 101 / Janet Stallard Carla Woods American Public University Abolishing the Minimum Wage Many Americans think of the minimum wage as a means of raising the income of the working people. However, the minimum wage is not the best way to combat poverty. In fact, the minimum wage does more harm than good. The list of its negative effects is a long one: it causes unemployment; it prevents unskilled workers from getting the on-the-job training they need; it encourages teenagers to drop out of school; it promotes the hiring of illegal aliens; and it increases welfare dependency. For all of these reasons, the minimum wage should be eliminated. To evaluate the minimum wage, we must first understand why it was originally created and what its historical effects have been. The minimum w age was introduced in 1938 by President Franklin Roosevelt. According to Dr. Burton W. Folsom (1998), a senior fellow in economic education for the Mackinac Center for Public Policy, the driving force behind this new legislation was not the plight of the working poor but the political might of the highly paid textile workers of New England, who were trying to protect their jobs as they faced competition from Southern textile mills. The Southern mills were able to produce cloth of equal quality more cheaply than their counterparts in the North because of the lower cost of living in the South, which allowed Southern factories to pay lower wages to their workers. In response...
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