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

Choose one for me - Essay ExampleFrom the current federal minimum lucre rate of $7.25 an hour, various states have proposed different figures in order to raise the charter rate to a favorable amount (Shemkus 2).One of the bigger challenges in increase the minimum hire order is increasing the costs 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 reported that about 70% of the minimum wage rate 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 economical Policy Institute concluded that, by increasing workers take-home pay, families gain both financial security and increased abilities to purchase goods and services, thus creating jobs for other Americans.Nevertheless, the business-backed non-profit-making E mployment 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 also 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 hire to a greater extent workers. This will make it more badly when many people will be unable to be employed.On the other hand, the rise in wage rate is seen as a special 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 astir(p) the minimum wage rates, individuals will live