How to write about minimum wage
The minimum wage policy is a controversial issue that many social groups have polarizing opinions about. That’s why, writing a minimum wage essay is especially challenging. We have to take into account the objective reality of the situation. The facts being reported by the governmental bodies may appear biased and be taken in different ways.
As we already know, the politics and the economy make periods of instability in the minimum wage. So, what can they affect? Well, in the long run, the rise of the minimum wage could lead to big companies having bigger expenses for labor. Thus, to maintain the stability of the minimum wage, more people would have to stay employed and earn more money. In the other case, you could be talking about the politics and the economy. After talking about the first one, you could move on to the second one.
The rise of the minimum wage could lead to big companies having bigger expenses for labor. Thus, to maintain the salaries of the middle class, they would have to perform rather radical actions as well. In order to make those employees, who have way too little experience, the pay rates would have to rise eventually to the former average. And if the new employees will suffer from the rise of the minimum wage, the government would have to find the roots of this problem in the economy, and start taking away the companies that had too much profit to spend on educating their workers. As you might already know, the environment of the modern economy tends to force young people to start working early and to look for work when it isn’t that easy to do. Thus, in the future, when looking at how the minimum wage is making its rise, you could think about the factors that lead to it more easily. You could also propose the following solution that would work perfectly for every country of the US: just enough people will be able to earn enough money to meet their everyday needs. This way, we would avoid reaching the overpopulation problem.
One of the most relevant sources is the Current Population Survey (CPS). Make sure you read carefully every single line of it if you are still looking for the good title for minimum wage essay, which sounds both professional and to the point. This survey is conducted in a collaboration with the Bureau of Labor Statistics and the Census Bureau. At first, you might think that the Current Population Survey has nothing to do precisely with the question of the minimum wage, but don’t make so quick assumptions just yet. This priceless data approved by the government organizations could appear to be your key evidence for the arguments line that you are going to make throughout your essay. Using this survey might also be your secret or originality that no one of your peers will know. The thing is that the CPS is the source of our official figures on employment and unemployment in the United States. Furthermore, when writing any type of an academic assignment, you will find that it carries the information on minimum wage earners. A variety of background information useful for an academic paper like the minimum wage vs living wage essay, you could also find in the materials of the legislative agency called the Congressional Research Service, being the branch agency from the Library of Congress. They have renewed their interest for the question of the possibility of raising the minimum wage and consequently, in their papers you will find the massive amount of information about the economic and political sides of this question in regards with the question of the possibility of raising the minimum wage.
While reading their interesting opinions on the analysis of the key factors to the probability of raising the minimum wage, you could also find the valuable information source for questions to explore in the alternatives to minimum wage increase essay. In their papers there is a lot of text to read written in a specific formal language so taking the facts that you will need as the credible evidence source for your academic assignment thesis statement will be the most challenging part of the research of these official sources. As you would clearly see, the experts propose lots of well-explained and well-researched alternatives to raising the minimum wage that would not harm the economics but also would help low-wage workers to earn an adequate amount of money for the living. You could also include that type of data and opinions in your minimum wage criticism economics essay. For example, some of the experts propose an expansion of the Earned Income Tax Credit (EITC) as an often-mentioned alternative to raising the minimum wage, being the best solution in their opinion, mostly for the young families with children. The thing is that, with the help of the child tax credit, young families would have the opportunity to receive income supplements and also could qualify for some of the other benefits from the government including the Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps). However, they also mention that minimum wage and earnings supplement policies have differing impacts, depending on a worker’s family type.