Show:
Debate
Pros
Cons
Poverty
Final
100
There is a big debate right now over the minimum wage. President Obama has made raising the minimum wage a centerpiece of his campaign against "income inequality." In his most recent State of the Union Address, he called for raising the federal minimum wage to this over the next 3 years.
What is $10.10 per hour?
100
One pro of raising the minimum wage is that people would have more money to spend on businesses and therefor more money goes through this.
What is the economy?
100
The amount of layoffs would increase substantially. Employers wouldn't be able to compensate for the same number of employees at a higher rate and must make layoffs to remain within this.
What is the budget?
100
Increasing minimum wage will not make a significant impact on this level.
What is poverty?
100
Now that you know the ups and downs of raising the minimum wage you can do this.
What is form your own opinion?
200
There is a possibility of more these being created due to increased income from peoples excess spending money. Some retailers would need more employees to keep up with increased sales.
What is jobs?
200
Employers might raise prices of their product in order to generate enough income to support their more highly paid minimum wage employees, resulting in a slightly higher this, resulting in another push to raise minimum wage again.
What is cost of living?
200
By increasing the minimum wage from $7.25 to $10.10 per hour, it will only reduce the number of people in poverty by this amount.
What is 900,000?
300
People on this could get off of it and then that money could go to support other things.
What is government support?
300
Instead of hiring fewer employees, the company could start doing this to jobs for employees in countries that are willing to work for much less than $10.10 per hour, resulting in fewer jobs for Americans.
What is outsourcing?
300
Of the number of minimum wage workers, relatively few are actually in poverty, and of families who live in poverty, only about this percent have a full-time worker in the family. Meaning poverty is not because people are not being paid enough, but because they are not working enough or at all.
What is 7?
400
People who make a higher wage would feel less likely to quit which would result in a lower these (fewer expenses to hire and train new employees).
What is turnover rates?
400
Employers feel like they will have to pay the experienced more than minimum wage. When they can't afford to pay the minimum wage, the inexperienced are robbed of the opportunity to gain experience and knowledge to build this for themselves and enter the workforce.
What is a resume?
400
One way people want to fix the poverty rate is by doing this.
What is create more jobs?
500
A increased minimum wage could help out this rate.
What is inflation?