Persuasive Research on Minimum Wage - 1002 Words

Lee Prutsman Sarah Hannaway Expository 200 April 1, 2013 All About the Dollar Many Americans have very different beliefs on how our country should be ran, and one of the most important and most frequently asked questions ties along with money. Our dollar allows us to buy the luxuries to make us happy and gives the lower class the chance to buy the necessities they need to keep them going. Money has been the center of attention for centuries, and one of the controversial topics that surround money is if the government should increase the minimum wage to help boost our frail economy and lower class. The lower class has suffered the past few years with the recession and high unemployment rates and making any kind of change to the†¦show more content†¦I have concluded that the people who disagree with raising the minimum wage agree that increasing wages would put a heavy burden on employers and could quite possibly run small to medium business owners out of business. It would also unfortunately hurt all people looking for a job becaus e employers would not have the money to hire employees, which would increase the already high unemployment rate. Some economists think that decreasing the minimum wage could help our nation and raise employment too. Bryant Fong, an economic journalist for Whitman Pioneer says, â€Å"This will strengthen the dollar in relation to other currencies and at the store. It will make keeping jobs in the U.S. more favorable to companies.† He argues that raising the minimum wage will cause inflation and lower the value of the dollar, which will subsequently increase the prices of America’s goods and services and decrease consumer spending. I disagree with Fong’s claim and believe that consumer spending will see a surge that will help a wounded American economy and have the value of the dollar stay the same or increase. In conclusion, I think the perks of increasing the minimum wage outweigh the flaws of increasing it. I agree with much of my research that it would severely help economic spending and it would help a hurting lower class with a sense of financial security and could perhaps help employment as well. I am sure that there might be a fewShow MoreRelatedminimum wage1601 Words   |  7 Pagesfor the low-income workers and their families whenever the government increases the minimum wage. The United States Congress adopted the Fair Labor Standards Act in 1938. Congress created the minimum wage toward the end of the Depression era to ensure a minimum standard oPremium 2048 Words 9 Pages Macroeconomics: Should the Minimum Wage Increase? Should the Minimum Wage Increase? Minimum wage is the lowest wage permitted by law or by a special agreement that can be applied for an employee or putRead MorePersuasive Speech Outline For Non Rising Of Minimum Wage Essay1228 Words   |  5 PagesJessica Raya Speech 100 Professor Blumer 11/10/16 Persuasive Speech Outline __________________________________________________________________________ General purpose: The general purpose of this speech is to persuade the audience. 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One outing in particular, my family and I ate out at an upscale French restaurant in Virginia. The food was good. However, my dad left a small tip for the level of service provided by our snobby waitress. Leaving the restaurantRead MoreExplanatory Summary on Obama’s Second Inaugural Speech980 Words   |  4 Pagesrepublicans, and Americans to vote for him for becoming the next president in the election. In the speech, President Obama persuades that people should all get together in order to move forward, retaining the liberty and equality for everyone. This is a persuasive speech because President Obama gives out a lot of historical evidence, uses â€Å"we† and â€Å"our† repeatedly, and uses emotional appeal to catch audience’s attention. By using Thomas Jefferson’s words in â€Å"The Declaration of Independence†, saying â€Å"WeRead MoreU.s. Constitution And Government Policies1258 Words   |  6 Pagesanother policy Obama has instigated includes 23 separate executive orders on gun control, which have made information about mental illnesses available in background checks and expanded research into causes of gun violence. Furthermore, Obama has slowly extended the rights for same-sex couples and raised the minimum wage for federal workers to $10.10. In conclusion, Obama has been accused of abusing and neglecting the above powers various times. President Obama in fact has become known for his aggressive