Raising minimum wage, considerate it

By: Michael Nguyen and Michael Arbizo

Proposition 206 is a state ballot that offers a chance to increase the minimum wage progressively from $8.05 to $10 in 2017, $10.50 in 2018, $11 in 2019, and $12 by 2020. Supporting this minimum wage will also help make a right to provide for paid sick time off.

“I think raising minimum wage is a good thing because it would allow people to be able to actually make a living off the money they make,” Patrick Doran said, student from Glendale Community College.

Preposition 206 will be available on the ballot on Election Day, Nov. 8. The goal of Preposition 206 is to not just only to increase minimum wage, but to increase the cost of living of minimum wage, beginning in 2021 if the ballot is passed.

According to Ballotpedia, the measure keeps hold of Arizona’s law considering tipping, which grants employers to pay employees who obtain tips up to $3.00 less than the minimum wage. Ballotpedia mentions that the goal undertakes 40 hours of yearly paid sick time to workers of business with 15 or more workers and 24 hours to those businesses with fewer than 15 workers. The workers will be qualify to result from one hour of paid sick time for each one 30 hours worked.

“Employers can benefit from a higher minimum wage by being happier and alternatively working harder as a result. There would be more money to spend, but smaller companies would have a harder time paying the wage and lose their employees,” Doran said.

Raising minimum will help the economic actions and process job growth. The Economic Policy Institute (EPI) stated that an increase in minimum wage from the modern rate of $7.25 an hour to $10.10 would introduce $22.1 billion net into the economy and generate about 85,000 new jobs above a three-year stage in period.

ProCon Organization mentions that economists from Federal Reserve Bank of Chicago foretell a $1.75 rise in the federal minimum wage would increase grand total household spending by $48 billion the following year, therefore boosting GDP and leading to more opportunity for jobs.

“Employers won’t benefit from this in the short run, but if your workers are happy and they do good, then it will equal more business and more profit,” Michael William said.

 

 

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