Should Minimum Wage Be Raised Research Paper?

by | Last updated on January 24, 2024

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Sample thesis statements:


Raising the minimum is necessary in order to provide a livable income to low-wage workers

. Raising the minimum wage will help stimulate the economy because low-wage workers will be able to spend more.

Should the minimum wage be raised?

By boosting the income of low-wage workers who had jobs, a

higher

minimum wage would raise their families’ real income, lifting some of those families out of poverty. … For those reasons, a minimum-wage increase would cause a net reduction in average family income.

Why should we raise the minimum wage?

Raising the federal minimum wage to $15 an hour

would improve the overall standard of living for minimum wage workers

. These workers would more easily afford their monthly expenses, such as rent, car payments, and other household expenses.

Why minimum wage should not be raised thesis?

Thesis Statement: Although minimum wage helps reduce income inequality, we should abolish the minimum wage

because it increases unemployment, it’s unconstitutional

, and it does not promote healthy competition.

Should minimum wage be raised thesis statement?

Sample thesis statements:


Raising the minimum is necessary in order to provide a livable income to low-wage workers

. Raising the minimum wage will help stimulate the economy because low-wage workers will be able to spend more.

What are the cons of raising minimum wage?

Opponents of raising the minimum wage believe that higher wages could have several negative repercussions: leading to inflation, making companies less competitive, and resulting

in job losses

.

Will the minimum wage increase in 2021?

What is the minimum wage? Effective January 1, 2021, the minimum wage increases to

$14 per hour for employers with 26 or more employees

and $13 per hour for employees with 25 or fewer employees. The minimum wage shall be adjusted on a yearly basis through 2023 according to the pre-set schedule shown above.

Will I get a raise if minimum wage goes up?

Raising the minimum wage means that business owners and employees in the United States are legally required to raise the hourly wage for their minimum wage workers—and only their minimum wage workers. If you’re already earning above minimum wage, your

employer won’t be required to

give you a pay increase too.

When minimum wage increases Does everyone get a raise 2021?

State California (small employers) 2020 Minimum Wage $12 2021 Minimum Wage $13 Effective Date
1/1/21

What state has lowest minimum wage?

The two states with the lowest minimum wage are Georgia ($5.15) and

Wyoming ($5.15)

. However, employers in Georgia and Wyoming who are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.

What is federal minimum wage?

The

federal minimum wage

for covered nonexempt employees is $7.25 per hour. Many states also have

minimum wage

laws. In cases where an employee is subject to both the state and

federal minimum wage

laws, the employee is entitled to the higher of the two

minimum

wages.

What is the new minimum wage?

The

new

national

minimum wage

(NMW) will be $20.33 per hour or $772.60 per week and will apply from the first full pay period on or after 1 July 2021.

When was the last minimum wage increase?

The federal

minimum wage

was

last

raised on July 24, 2009, when it rose from $6.55 to $7.25 per hour, the

last

step of a three-step

increase

approved by Congress in 2007. Before 2007, the

minimum wage

had been stuck at $5.15 per hour for 10 years.

What is minimum wage for a 21 year old?

In April 2021 they are:

Age 16-17 – £4.62 an hour. Age 18-20 – £6.56 an hour. Age 21

-24 – £8.36 an hour

.

What is the history of minimum wage?


The federal minimum wage was introduced in 1938 at the rate of $0.25 per hour

(equivalent to $4.6 in 2020). By 1950 the minimum wage had risen to $0.75 per hour. The purchasing power of the federal minimum wage has fluctuated; it was highest in 1968, when it was $1.60 per hour (equivalent to $11.91 in 2020).

What states have 15 minimum wage?

Other states that have already enacted phase-ins of a $15 minimum wage include

California, Connecticut, Florida, Massachusetts, New Jersey, Illinois, Maryland, and Rhode Island

. Virginia may also raise its scheduled wage of $12 in 2024 to $15 by 2026 if re-approved by the General Assembly.

Rachel Ostrander
Author
Rachel Ostrander
Rachel is a career coach and HR consultant with over 5 years of experience working with job seekers and employers. She holds a degree in human resources management and has worked with leading companies such as Google and Amazon. Rachel is passionate about helping people find fulfilling careers and providing practical advice for navigating the job market.