Choose one for me Essay Example | Topics and Well Written Essays - 500 words

Choose one for me - Essay ExampleFrom the current federal token(prenominal) wage aim of $7.25 an hour, various states have proposed different figures in order to raise the wage ramble to a booming amount (Shemkus 2).One of the bigger challenges in increasing the minimum wage judge is increasing the be for the employers. Although the initiative ensures that the employees get reasonable payment for their services, it forces the employers to incur huge costs (Jacoby 3). Federal labor statistics account that about 70% of the minimum wage regulate employees work for less than 35 hours a week. This makes their earning to be less thus the increment will give such individuals the opportunities of living decent lives. Left-leaning Economic insurance policy Institute concluded that, by increasing workers take-home pay, families gain both financial security and change magnitude abilities to purchase goods and services, thus creating jobs for other Americans.Nevertheless, the business- backed nonprofit Employment Policies Institute remarked that increasing the minimum wage rate does not lower poverty. Studies indicate that there is no relationship between high wage rates and the reduction of poverty therefore this initiative might not be used as a way of reducing the poverty rates in various states. According to Shemkus (2-3), further studies have in like manner found the relationship between unemployment and increasing the minimum wage rate. Opponents of increasing the minimum wage rate reiterate that by increasing the minimum wage rates, the employers would be overburdened that they may not acquire more workers. This will make it more badly when many people will be futile to be employed.On the other hand, the rise in wage rate is seen as a picky move that will enhance the consumer patterns of purchasing. Nonetheless, the consumer goods and services will increase in correspondence to increased minimum wage rates. Studies have indicated that by improving the m inimum wage rates, individuals will live