Essay On Raising Minimum Wage

There has been an ongoing debate on whether the minimum wage should be raised or not. Some people believe that yes, it should be raised, but we believe that the minimum wage should not be raised. The reason people want to see an increase in the wage is they want to make more money to provide for their family. They believe earning more money will benefit everyone because they can live in higher standards. The minimum wage has gone up significantly in the history of the United States, as the cost of living has gone up. People demand higher wages to overcome the higher prices of goods and services. On an economic and cultural perspective, we should not increase the minimum wage because it will lay-off workers that are not as skilled, which will make it harder to find employment, and it will cause the lower-classes to go into poverty. Looking at this debate through a cultural perspective shows the negative results of the government deciding to raise the minimum wage. Raising the minimum wage would not help out the poverty problem that we possess today. Increasing wages would have little effect on helping poverty shown by, “In the previous federal minimum wage increase from $5.15 to $7.25, only 15 percent of the workers who were expected to gain from it lived in poor households, according to a 2012 review by Mark Wilson. If the minimum wage today were raised to $9.50, only 11 percent of workers who would gain live

Although there are pros and cons of raising the minimum wage, the cons heavily outweigh the pros. People can make more money from the higher wages, but that is only possible for a small amount of workers. Not everyone gets to experience the pleasures of having a high-paying job due to the limited money in the economy. Do you still believe we should increase the minimum wage or have you joined our