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Why should minimum wage increase essay

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From: Jason P. N.
Added: 08.04.2021
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Please join StudyMode to read the full document. One of the most commonly asked questions in our society is whether or not the government should raise the minimum wage. While raising the minimum wage would not only lift individuals out of poverty, but it would also put our economy in danger. Raising minimum wage in the United States will affect our economy because of the high rates caused by inflation. Many people are constantly complaining about the low pay they receive in their checks by the end of the week. They constantly complain about the fact that they can barely afford to pay their bills, and if they do, these people will end with their pockets empty by the end of the day.
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Having to work a minimum wage paying job drastically effects an individuals economic status and morale however, this issue is often overlooked. Today, in the United States, wages in comparison to the cost of living is not realistic. The cost of living is increasing while work wages are staying the same. The cost of housing, goods, gas, and even college tuition are on the rise, yet the government wants us to close our mouths and act like everything is okay. What the government fails to realize is that without some sort of action the economy will only get worse. Although working for 40 hours a week should be enough to cover the cost of living, sadly that is not the case.
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Why Are People Poor?

With the minimum wage inevitably rising, we should not be afraid of the externalities of this change. There are many great things that come with the increase of the minimum wage. These three things are: it will help recruit and retain talent, improves employee satisfaction, and it improves your company brand Lavoie. On the contrary, many people are worried about the minimum wage increase.
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We use cookies to give you the best experience possible. Should the Minimum Wage be Increased? Part 1 Don't use plagiarized sources. However, raising the minimum wage does not only concern the minimum wage workers but actually almost every person in the community, from the simplest unit such as the family to the whole community. It is not just a simple issue of increasing the salary of the employees but rather, a matter that the whole country is involve.

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