One of the top debated topics in today’s politics is the increase of minimum wage. Currently the “federal minimum wage of $7.25 per hour is too low for anyone to live on” and it is the reason why their is a huge gap of the “rich” and the “poor” (“Should the Minimum Wage Be Increased”). Both Hillary Clinton and Donald Trump have mentioned the importance of the rate of the current minimum wage; however, they both have different views of this heated topic.
In the article The Pros and Cons of Raising the Minimum Wage, Chad Halvorson argues that it is beneficial to job opportunities, stimulates the economy, decrease turnover rates and reduce expenses for social programs. By raising wages, the middle class will be able to spend more money which in turn will “inject 22.1 billion net into the economy and create about 85,000 new jobs” (“Should the Minimum Wage Be Increased”). This in turn will tighten the tremendous gap between the different economic classes.
The article titled Should the Federal Minimum Wage Be Increased claims that if the minimum wage goes up then businesses will decrease the number of employees. By doing this, job opportunities will decline and as a result, automated robots will replace employees (“Should the Minimum Wage Be Increased”). Other cons would include more layoffs, inflation, and an increase of competition in hiring employees (Halvorson).
This topic is of interest to me because I am the next generation to deal with these issues. When Mrs. Clinton or Mr. Trump will become president, this issue needs to be addressed, so that their is a smaller gap between the wealthy and the non wealthy. It’s essential that the youth of America and every American is able to live a decent life with or without the qualification of being a skilled professional worker.
Halvorson, Chad. “The Pros and Cons of Raising the Minimum Wage.” When I Work. When I Work
Inc,06 Mar. 2014. Web. 14 Oct. 2016.
“Minimum Wage – ProCon.org.” ProConorg Headlines. ProCon, 14 July 2016. Web. 14 Oct. 2016.
Coy, Peter, and Susan Berfield. “What a Higher Minimum Wage Does for Workers and the Economy.” Bloomberg.com. Bloomberg, 27 Nov. 2013. Web. 17 Oct. 2016.Tags: okemos
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