Global Societal Problem, Argument and Solution [WLOs: 1, 2, 3, 4, 5] [CLOs: 1, 2, 3, 4, 5] The topic of your assignment needs to be a global societa

  

 
Global Societal Problem, Argument and Solution
[WLOs: 1, 2, 3, 4, 5] [CLOs: 1, 2, 3, 4, 5]

The topic of your assignment needs to be a global societal problem from the following list:

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Poverty and income inequality

Reflect: Based on the topic that you have chosen, you will need to use critical thinking skills to thoroughly understand how this topic can be a global societal problem and determine some logical solutions to the problem.

In your assignment

Identify the global societal problem within the introductory paragraph.

Conclude with a thesis statement that states your proposed solutions to the problem. (For guidance on how to construct a good introduction paragraph, please review the Introductions & Conclusions (Links to an external site.) from the University of Arizona Global Campus Writing Center (Links to an external site.).)

Describe background information on how that problem developed or came into existence.

Show why this is a societal problem.
Provide perspectives from multiple disciplines or populations so that you fully represent what different parts of society have to say about this issue.

Construct an argument supporting your proposed solutions, considering multiple disciplines or populations so that your solution shows that multiple parts of society will benefit from this solution.

Provide evidence from multiple scholarly sources as evidence that your proposed solution is viable.

Interpret statistical data from at least three peer-reviewed scholarly sources within your argument.

Discuss the validity, reliability, and any biases.
Identify the strengths and weaknesses of these sources, pointing out limitations of current research and attempting to indicate areas for future research. (You may even use visual representations such as graphs or charts to explain statistics from sources.)

Evaluate the ethical outcomes that result from your solution.

Provide at least one positive ethical outcome as well as at least one negative ethical outcome that could result from your solution.
Explain at least two ethical issues related to each of those outcomes. (It is important to consider all of society.)

Develop a conclusion for the last paragraphs of the starting with rephrasing your thesis statement and then presenting the major points of the topic and how they support your argument. (For guidance on how to write a good conclusion paragraph, please review the Introductions & Conclusions (Links to an external site.) from the University of Arizona Global Campus Writing Center (Links to an external site.).)

The Global Societal Problem, Argument, and Solution 

Must be 1,750 

RoughDraft.docx

Annotatedbibliography.docx

Rough Draft

Robert Ponton
UAGC
GEN 499
5/30/2022

Introduction:
The debate over whether or not to raise the national minimum wage is more than just a matter of dollars and cents. Individuals are classed according to their wealth, which is a worldwide social problem.
There is a wide range of experiences in these classes that have an impact on the world as a whole. There is an ever-widening gap between the rich and the poor, and as a result, society is becoming more and more polarized. Individuals in classrooms put a strain on a diverse society. It is hard to overstate how much attention Occupy Wall Street and its slogan “We are the 99 percent” have garnered in the last two decades. We’ve created an environment where money is used to determine one’s social class. As a result, people have been categorized as middle-class, low-class, or upper-class, which has influenced how they view their own success in life. There is no doubt that money is a powerful force in our modern world. Millennials and Generation Xers seek out more content, goods, and experiences than their predecessors. As a result of the increased supply, there has been an increase in price.
Increasing the world’s minimum wage is more than just a financial issue. In the long run, does an increase in the minimum wage cause a decrease in jobs and an increase in prices? This is a topic that is important to both sides of the argument. Minimum wage discussions by politicians personalize the issue by making it personal, eliciting emotional reactions, and making the problem a highly visible worldwide social issue.
Background
Minimum wage was set at $0.25 per hour by the Fair Labor Standards Act, which was signed into law in 1938. In order to protect workers from unfair working conditions, this legislation was passed. When the Supreme Court of the United States ruled in favor of the law in 1946, it became law in the United States.
Every year, the minimum wage has risen steadily until it currently stands at around $11. The nominal rate of exchange is what we have right now. The local minimum wage has also been raised by state officials over the last two decades, with New York and California implementing legislation that will elevate them to the position of pay leader.
Waiver of Penalties
The federal minimum wage must be raised urgently. The current exchange rate is known as the “nominal” rate. Minimum wage in the United States has always been higher than its actual value in terms of the dollar. There has been a call to raise interest rates because of the decline in purchasing power. Over the past 70 years, there has been no rational opposition to raising the rate of interest. However, it’s a better idea to ask, “How much more should it increase?” The general consensus is that the best way to judge whether or not rate hikes would lead to job losses is to look at the likelihood of those losses. Another concern is how a rise in the minimum wage affects low-paid workers’ pay in comparison to what they would have earned if the minimum wage had not been raised (Hall and Cooper, 2012).
There can be a nonlinear relationship between the impact of a minimum wage hike and a worker’s initial take-home pay when using this strategy. It appears that those who receive a small increase in the minimum wage have lower salary growth than those who do not. Employees making less than the new minimum wage as well as those making more will see an increase in their income as a result of a significant increase in the minimum wage (Lopresti, Mumford, 2015). Top earners, whose pay rises regardless of the minimum wage, are the exception.
Arguments against fast food are frequently based on the industry’s reputation. Even if they were right, the industry could not support a major increase in minimum wage, but there is no evidence that a $15 pay rate, phased in over four to six years, would reduce employment opportunities for low-paid workers (Howard, 2016). The federal minimum wage is currently $7.25 per hour, but some proposals call for it to be increased to $15. There is no need to reduce the number of employees on the payroll for this to be done. By reducing turnover, increasing sales, and raising prices annually, the fast food industry can withstand pay rises (Pollin, Wicks-Lim, 2016).
There hasn’t been a salary increase of this magnitude since 1950, when wages rose by 88 percent, according to the proposed increase in the federal minimum wage. On a national scale, the increase had no appreciable effect on job creation. In order to make the rise even more believable, the boost occurred during the economic cycle’s trough in 1950. As a result of lower employee churn, throughput for clients would increase, boosting productivity.
The minimum wage’s impact on immigration must also be taken into account. Using an analytical framework, it has been established that immigration is a function of the predicted pay in the destination location. State-by-state variations in projected salaries as a result of the federal minimum wage increases in the United States between 1996 and 2009 are used in the analysis. Endogeneity between immigration and expected salary is addressed by using an instrumental variable method, As long as critics agree that higher rates reduce low-paying employment, a higher minimum wage would have a detrimental effect on low-skilled immigrants.
statistical data
Increasing the federal minimum wage has been shown to have a significant influence on unemployment rates for decades. A research looked at the effect on 101,299 persons of a minimum wage rise ranging from no change to an increase of more than 20%. (Lopresti, Mumford, 2015). In the statistical summary, the sample size was broken down by gender, race, education, age, and family income. A mini-mom income boosted the wages of the middle class the most, according to a new study. The working class is most negatively impacted by a 10% to 30% increase in wages over the minimum wage. Higher-paying workers benefit from increases in the minimum wage.
Between 1970 and 2004, the average salary for the 10th and 30th percentiles was the same. Debunking the idea that wage increase would occur on its own, It may be seen in the fact that low-wage employment has risen from 36.1 percent in 1979 to 61.4 percent now, an increase of 61.4%. A common counterargument is to place the blame on globalization and technology. Education and training in the areas of greatest need is the solution. The increase of low-wage jobs and the growing cost of higher education has made this notion more difficult to execute than one would imagine. Given that student loan defaults are on the rise and earnings for available jobs are stagnating, this is a serious social issue. The method has made it more difficult for people to get to the top of the financial ladder.
Due to the large number of individuals employed by fast-food restaurants, salary raises or job losses might have a considerable impact on national employment levels, resulting in social issues. There would be no reduction in fast-food employment as a consequence of the 107% rise in the minimum wage. Research shows that raising the minimum wage has little effect on employment. In the year 2016 (Pollin, Wicks-Lim). Any increase in costs is matched by an equal increase in the price of a product or service sold. As the price of a product rises, so does the opportunity cost, which lowers demand. If an increase in wages is not sustained by an increase in price elasticity, this will have an effect on demand. The raise in the minimum wage has the largest impact on the middle class, who is the demographic most in need of fast food’s offerings.
Immigration rates are influenced by factors such as minimum wage and social programs. Research on Puerto Rico’s minimum wage in 1987 was the first to be conducted. Low-skilled workers fled to the US when the minimum wage was increased, according to the data cited in this article (Giulietti, 2014). Lower minimum salaries are more attractive to low-skilled employees. As Cadena (2014) found, this was indeed the case. The wage-immigration relationship can be summarized as follows:
Conclusion
The issue over raising the minimum wage has global implications. Purchase power, employment, and immigration are all affected by the minimum wage. Increasing the federal minimum wage on a broad scale will primarily benefit the middle class. When the price of a product does not exceed the price elasticity of the buyer’s purchasing power, a high pay rate boosts the demand for the product. Immigrants with low-skilled jobs are less likely to come to the United States if wages are raised. They’d have to make some adjustments, but with the three changes of matching price increases, decreasing turnover, and increasing sales they’d be able to maintain their workforce.

References
Giulietti, C. (2014). Is the Minimum Wage a Pull Factor for Immigrants? ILR Review, 67(3 Suppl), 649-674. doi:10.1177/00197939140670s308
Hall, D., and D. Cooper (2012). Why increasing the minimum wage at the federal level would be beneficial to working families and beneficial to the economy? Issue Brief No. 341 from the Economic Policy Institute
Howard, D. R. (2016). Reframing the Minimum-Wage Debate. The American Prospect, 27(3), 48-52. Retrieved April 16, 2016, from http://search.proquest.com.proxy- library.ashford.edu/docview/1804562414/fulltextPDF/D31A0D7C3CAB4A12PQ/1? accountid=32521
Lopresti, J. W., & Mumford, K. J. (2015). Who benefits from a minimum wage increase? Kala- mazoo: W.E. Upjohn Institute for Employment Research.
Pollin, R., & Wicks-Lim, J. (2016). A $15 U.S. Minimum Wage: How the Fast-Food Industry Could Adjust Without Shedding Jobs. Journal of Economic Issues, 50(3), 716-744. doi:10.1080/00213624.2016.1210382

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Annotated bibliography

UAGC
Robert Ponton
GEN 499
5/17/2022

Annotated bibliography
Pollin, R., & Wicks-Lim, J. (2015). A $15 US Minimum Wage: How the Fast-Food Industry Could Adjust Without Shedding Jobs.
This article focuses on the current controversy around a “$15 minimum wage” and the ramifications that this argument may have for the fast-food industry. According to the findings of the study, businesses can adapt and stay afloat without having to reduce their workforce by implementing pay raises that are both stable and rise steadily each year. The study also uncovered several different ways for businesses to take care of their expenditures without having to dramatically diminish their overall profitability as a result. This issue is quite important, and the argument that it raises is now the subject of a lot of other studies since it involves a lot of different aspects of the possible adverse effects of raising the minimum wage. A study was conducted on the quick service restaurant industry, and the results of that survey served as the foundation for the experiments. This is since the fast-food industry is responsible for almost all first employment in the economy. Since a consequence of this, the argument and analysis presented here are fascinating, as they concentrate on the findings of a recent study rather than theory.
U.S. Department of Labor. (2015)Minimum Wage MythBusters. – U.S. Department of Labor. Web. 7 September 2017.
This online article or report was published on the website of the United States Department of Labor. The findings of this research contain not only a list of possible salary increase misconceptions but also explanations of why these beliefs are incorrect. The paper tackles several common concerns, including the effect that increasing the minimum wage would have on smaller enterprises, as opposed to major corporations such as McDonald’s. The most surprising statistic is the fact that three out of every five owners of small businesses support increasing the minimum wage to $10.10 per hour. There is a widespread consensus that this will be helpful, particularly given that it will increase the buying power of customers. In addition to that, 600 economists have signed a declaration in favor of the hike in the minimum wage that was previously indicated. Because it is based on research that was carried out by a government agency, this is an authoritative source. That agency is the United States Department of Labor.
Lipton, Eric. “Fight Over Minimum Wage Illustrates Web of Industry Ties.” The New York Times. O7 September 2017. Web.
This piece of writing, which can be obtained on the internet, was written with the intention of informing people about the discussion around the increase of the minimum wage. This article demonstrates how groups that hold both conservative and liberal viewpoints have been working relentlessly to lobby for the opportunity to increase the minimum wage. The groups are lending their support to lobbying efforts led by business lobbyists as well as labor unions in the expectation that the United States of America would take their issues into consideration. The article also provides information on a dispute over whether an increase in the minimum wage to forty percent per hour over a period of two and a half years will result in a decrease in the rate of poverty or an increase in the rate of poverty. Following this, Lipston presents comments and opinions on the issue of increasing the minimum wage from members of Congress as well as staff members of the Employment Policies Institute. Because of this, this is an outstanding and credible piece of data that supports increasing the minimum wage.

Hall, D., and D. Cooper (2012). Why increasing the minimum wage at the federal level would be beneficial to working families and beneficial to the economy? Issue Brief No. 341 from the Economic Policy Institute
This article examines the impact that raising the minimum wage might have in several different regions throughout the United States. The “Rebuild America Act” was introduced in the state of Iowa in 2012 with the intention of increasing both the standard minimum wage and the “tipped minimum wage” to $9.80 per hour. According to the author, this will be to the advantage of American employees, many of whom are still suffering the aftereffects of the crisis. If the minimum wage is raised, then workers will have more money in their paychecks to spend. This activity has the impact of supporting economic development because of its stimulating influence on the economy, which eventually leads to growth. According to the graphs in the article, the number of individuals and households that are adversely affected by the present level of the minimum wage continues to increase on an annual basis. It is assumed that if the wages of low-wage workers were increased, those workers would be more likely to spend their money if they had more of it. Because of this, a model of the economy would be run, which would lead to increased prosperity.
Lowrey, Anna. “Increasing the Minimum Wage Would Help Close the Income Gap, but It Would Bring About Political Risks.” Monday, September 7, 2017, The New York Times. Web.

This article, which was written for the public and pulled from many locations on the internet, was compiled with the intention of addressing economic inequalities in regard to the minimum wage. The article includes quotations from the White House, President Barack Obama, and House Speaker John A. Boehner, all of whom are in agreement that boosting the minimum wage would be beneficial to low-income families while neither burdening corporation or increasing unemployment rates. Lowrey presents statistics from the White House which imply that a raise in the minimum wage of ten to twenty percent will roughly equalize the rise in income gap that has occurred since 1980. In addition, the story included a remark from President Obama in which he said that increasing the minimum wage would lead to an increase in the earnings of many working families. Because of this, consumers will have even more cash available to spend, which is good news for businesses. Because of this, this is a trustworthy source of information about the increase in the minimum wage. The expression of the thesis is that increasing the minimum wage is beneficial to individuals with low incomes, families, and businesses. It also stimulates the economy by increasing spending, which ultimately leads to growth.

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