The True Effects Of A Living Wage - 1714 Words

MANT 250 An Essay Discussing the True Effects of a Living Wage Dylan Gallagher 8136645 Word Count: 1906 Introduction It has been 20 years since the first living wage was introduced in Baltimore, Maryland. Long has it been argued that profitable organizations should have to pay a living wage to its employees. A wage sufficient enough to allow the employee to have a high enough standard of living to adequately take care of their family. The gap between social statuses is increasing even more, and having a living wage in place will help to reduce this gap in society, enabling those at the lower end of the economic spectrum to enjoy more luxuries that they would not usually have access to. Some key discussion points that need to be addressed are; possible job losses, reduction of poverty level, the effect on crime, health care effects, reducing urban poverty, and the varying costs of living that occur depending in different geographic locations. In this essay I will be debating the thesis of â€Å"profitable organizations should be required to pay all their employees a living wage.† What is a Living Wage? According to the Collins English Dictionary a living wage is â€Å"a wage adequate to permit a wage earner to live and support a family in reasonable comfort†. The Treasury Report released by the New Zealand government states this wage to be $18.40 an hour. By their calculations this wage is what is required by a family of two adults and two children. The livingShow MoreRelatedThe Effect Of Minimum Wage Increase On Childrens Social And Economic Standings, Making It Popular With Women1569 Words   |  7 Pages Arguments for an Increase in the Minimum Wage One of the most obvious and anticipated effects of a minimum wage increase is the income increase especially for families on and below the poverty line. An approximated 16.5 million people stand to gain from added wages, and most families incomes would, in fact, rise above the federal poverty threshold (Congressional Budget Office). With so many families depending on the minimum wage to forge a livelihood, an increase would be a blessing in disguiseRead MoreMinimum Wage And The Cost Of Living Essay1518 Words   |  7 Pagesand when we can do it, with the complex of living in the United States which is supposed to be the land of the free. The cost of living now these days have put those who only make minimum wage in poverty stricken situations, which now they have no choice but to depend on the government to live. We either have to lower the cost of living so that people can live a somewhat sustainable life, or raise the minimum wage so that we can afford the cost of living that is provided to us. Somethings got toRead MoreRaising The Federal Minimum Wage969 Words   |  4 Pages At the heart of this plan was the idea that wages must be set and fair. â€Å"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.†(Roosevelt) This plan became the Fair Labor Standards Act, which set the Federal Minimum wage. Minimum wage has increased, slowly, over the years, but has not kept up with its intended purpose. Raising the federal minimum wage to a fair living wage level will improve the lives of the working poorRead MoreCritical Analysis : Why Education Is Not An Economic Panacea1145 Words   |  5 Pagespositively effect someones financial outcomes. Marsh intends to open peoples minds to addressing problems such as poverty that may be the reason for a lack of education rather than assuming that deficiencies in education are to blame for the problem. 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