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Minimum Wage

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by

Brian Sedgley

on 23 July 2014

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Transcript of Minimum Wage

History Of Minimum Wage
We should raise Minimum Wage
Four Reasons Against The
Minimum Wage Hike
Higher unemployment
forced lay-offs.
Jeopardize
small businesses.
Minimum wage is
a starting wage -
NOT a Living Wage.
Inflation makes the effort worthless - inflation requires higher wages; thus, creating an unsustainable cycle.

Should the minimum
wage be increased?
Minimum Wage
Starting Wage
=
Family Wage
=

Education
Experience
Promotions
Large Increase
Small Increase
vs.
Pay Raises Should be Earned
Good Work Ethics = Pay Raise
Bad or No Work Ethics = No Pay Increase
Larger Companies have Hi Profit Margins
Larger Companies have more expendable cash
Would save the federal government $46 billion dollars over 10 years on the Supplemental Nutrition Assistance Program.
80% of Americans are for a minimum wage hike to $10.10.
Sources
http://www.npr.org/blogs/money/2014/01/16/263129670/the-birth-of-the-minimum-wage-in-america
(http://www.americanprogress.org/issues/economy/report/2014/03/05/85158/the-effects-of-minimum-wages-on-snap-enrollments-and-expenditures/ http://abcnews.go.com/Business/17-million-reasons-raise-minimum-wage/story?id=23054905 )
(http://www.smallbusinessmajority.org/small-business-research/minimum-wage/small-business-support-increasing-minimum-wage.php)
(http://nelp.3cdn.net/3531e7b3f2017ff5f3_xwm6bxr84.pdf)
(http://www.epi.org/publication/raising-federal-minimum-wage-to-1010/)
(http://www.cbo.gov/publication/44995)
http://www.dol.gov/whd/minwage/america.htm)
(http://www.americanprogress.org/issues/economy/report/2014/03/05/85158/the-effects-of-minimum-wages-on-snap-enrollments-and-expenditures/)
(http://www.npr.org/blogs/money/2014/01/16/263129670/the-birth-of-the-minimum-wage-in-america)
Comics by Gary Varvel http://garyvarvel.com
(Katz, L. F., & Krueger, A. B. (1992). The effect of the minimum wage on the fast-food industry. Industrial & Labor Relations Review, 46(1), 6. Retrieved from http://search.proquest.com/docview/236319225?accountid=9817)
Neumark, D., Schweitzer, M., & Wascher, W. (2013, December 14). Raise Minimum Wage? It's Iffy (Posted 2013-12-14 03:32:45) ; but It Won't Help Poor People Much. Will increasing the minimum wage help the poor?.
Plumer, B. (2013, February 14). Why Economists Are Puzzled by the Minimum Wage (Posted 2013-02-14 14:01:15). The Washington Post.
Harris, B. H., & Kearney, M. S. (2014, January 10). The "Ripple Effect" of a Minimum Wage Increase on American Workers. Up Front/Brookings Institution Press - State News Service.
Sherk, J. (2013, February 28). Who Earns the Minimum Wage? Suburban Teenagers, Not Single Parents. Heritage Foundation.


Provide a modest boost to the economy.
Put more money in the pockets of 28 million people
Would lift 900,000 People out of Poverty
17 million children are more financially secure because at least one parent would be making more money.
The federal government needs to catch up. Twenty States already have minimum wages higher then $7.25
The Increase would take 3.1 million People off of Food stamps.
In 1938 the first minimum wage was established when Franklin Roosevelt signed "The Fair Labor standards Act."
Average CEO Makes 933 times more then a Full-time minimum wage earner.
The act "applying to products interstate, ends child labor, sets a floor below wages, and a ceiling over the hours of labor," Roosevelt said at the time.

Minimum wage throughout history
57% of Small Business owners
Brian Sedgley
Thomas Brady
Victor Zambrano
Cathy Newton
Joseph Olson
The Team
Minimum Wage
Full transcript