Option A: Raise the Minimum Wage
A: Three reasons that I believe the government should raise
minimum wage is because many people that are working really hard still cannot
afford the price of living, there are many jobs that require putting a lot of
physical labor into and people aren’t paid enough, and many people can get out
of debt and help the government by getting paid more for the job they do. Some very determined people who have families
to take care of are working to pay for food and pay the bills, but are not
making enough money to pay for these things.
There have been problems of hunger, homelessness, and financial debt in
the United States, and I believe that raising minimum wage could help with
that. Many jobs require a lot of
physical labor, yet people are being paid the same amount that someone doing
less physical work are getting paid. I
believe this to be unfair to the people that are truly working hard and deserve
to be paid more. Raising the minimum
wage would be a government regulation because the government would need to
approve of this happening and it would be in hopes to increase employment and
economic growth.
B: Pros and Cons graph for Potential Problems in setting a
Minimum Wage:
|
Pros
|
Cons
|
|
People will be able to pay off debt.
|
Inflation might rise because people have more money to spend on goods
and services.
|
|
Families will be able to pay for food and pay bills.
|
The government will have to compensate for the increase in amount
people are getting paid.
|
|
People truly working hard for their money will be rewarded.
|
Risks being taken in the stock market could lead to a loss in
money.
|
|
Investments in stocks may increase and businesses will prosper
because people will have money to invest.
|
Companies may not have leftover money to pay for the maintenance of a
business. There would be a shortage in
money.
|
|
The interest in obtaining a job will increase. There would be a surplus in potential
employees.
|
Finding jobs may be harder because companies can’t afford to pay many
employees.
|
