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Essay On Federal Minimum Wage

670 Words3 Pages

Should Federal Minimum Wage be $15 an hour? The Fair Labor Standards Act of 1938 states that workers will be given a livable wage. By definition, a living wage is the minimum income necessary for a worker to meet basic needs. In the words of congress, it is “the minimum standard of living necessary for health, efficiency, and general well-being.” This poses the question: “Is the current minimum wage a livable wage?” The answer, unfortunately, comes back negative. The current federal minimum wage, at $7.25, is worth nearly 38 percent less compared to 1968 when the federal minimum wage was valued at its highest ($11.72 in 2016 dollars). Given the facts, it is justifiable to raise the federal minimum wage as it would amount to a more livable wage, stimulate the economy, and provide better circumstances for workers of color and women. One of the greatest effects of a $15 an hour minimum wage would be its impact on …show more content…

Women and ethnic minorities make up the largest group earning less than a $15 wage. According to NELP, Women workers make up about 54.7 percent of minimum wage workers. African Americans represent nearly 12 percent of the aggregate workforce, accounting for about 15 percent of the under-$15-wage workforce. Also, Latinos make up 16.5 percent of the workforce, however represent very nearly 23 percent of workers making under $15 an hour. With the workforce so disproportionally represented, these workers with the lowest paying job will greatly benefit from the change. In conclusion, a federal minimum wage increase will significantly improve the standard of living of low-wage workers. To meet their basic needs, workers must be given a living wage. It is not only morally correct to do so, but also beneficiary to both ends. The increase in wages allows for a more supportable income, but it also stimulates the economy. Raising the federal minimum wage to $15 an hour is the most beneficial

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