Artificially low wages teach workers that their work is not valuable — a disastrous policy outcome.Tags: Word Problems To SolveHistory Of Basketball EssayCompare And Contrast Essay Introduction ParagraphThesis Paper Impact StatementEssay About Yourself In SpanishEffective Study Habits EssayAp Us History Essay Questions Great DepressionFormat Of Term Paper
The most common objection to raising the minimum wage is that it destroys jobs.
But a slew of recent studies have pointed out that although raising the minimum wage does increase earnings and reduce poverty, it has a limited, almost negligible, effect on employment.
Raising the minimum wage is about reducing inequality, but it is also about restoring the true value of work. Andy Stern is a senior fellow at Columbia University’s Richman Center and former president of the Service Employees International Union.
Carl Camden is president and CEO of Kelly Services and co-chairman of the board of trustees of the Committee for Economic Development.
If raising the minimum wage leads to productivity gains through investment in automation, so be it.
In the meantime, we need to reward American workers for their efforts.Finally, critics of raising the minimum wage often suggest raising the earned income tax credit instead.But that would simply perpetuate the cycle of devaluing work.By allowing the minimum wage to remain at a nearly unlivable level, we have deemed certain jobs not worthy enough to meet even our country’s minimum standard of living.How have we been able to keep wages so low without significant social discord?Some argue that raising the minimum wage offers benefits to those who may not need them. The Economic Policy Institute’s latest analysis shows that most low-wage workers live in low-wage households, and 84% of the workers in low-wage jobs are at least 20 years old.But, regardless of age or need, anyone who shows up to work and puts in hard hours deserves a wage that keeps him or her out of poverty.Unfortunately, our website is currently unavailable in most European countries.We are engaged on the issue and committed to looking at options that support our full range of digital offerings to the EU market.What message does that send about the dignity of your work and the pride of taking personal responsibility for your family?Low wages push workers into shadow labor markets where they get paid under the table, avoid reporting income and evade tax responsibilities.