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Minimum Wage Argumentative Essay

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Argumentative Essay Rough Draft

Raising the minimum wage to just $9 would benefit about 28 million workers across the country and bring about 300,000 Americans out of the state of poverty. Minimum wage and poverty have been in the front running of U.S. controversial problems recently. Minimum wage was only originally supposed to be for things such as young teens at fast-food restaurants who have not had working experience yet. But today, more and more Americans are suffering, and barely getting by with earning minimum wage. With the cost of living rapidly going up, the minimum wage must be increased to help families support themselves. Boosting the minimum wage would reduce income inequality, increase economic growth and activity, and reduce poverty. …show more content…

Income inequality has become a major problem in the U.S. In fact, the richest 1% of the U.S. population earns 22.83% of the country's pre-tax income. That's the widest it has been in about 100 years, or since the Great Depression. The richest 8 men on the globe own as much wealth as the poorest half, 3.6 billion, of the world’s people. (Oxfam; Income Inequality “Cannot Continue”) This means that America and others are suffering greatly from income inequality. There are many ways to fix this problem. For example, we can make the richest 1% pay their fair share of taxes. Additionally, we could make companies pay their employees a living wage of $15. Research has shown that $7.25 an hour is not enough to live and support yourself now of days. A living wage of $15, instead of a minimum wage, is necessary in today’s society for basic

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Today’s minimum of $7.25 an hour is worth 25 percent less than the minimum in the late 1960s. From research, a full-time, minimum-wage worker earns about $15,000 per year, which is below the federal poverty line for a worker with just one child. We need to raise the minimum wage to the point where the lowest-paid worker can afford their basic needs, such as food and other necessities. An increase to $10.00 an hour as proposed by President Barack Obama would actually reinstate the wage factor to the same value it had back in the 1960s. In doing so, it would lift earnings for nearly 28 million workers nationwide roughly 1 in 5 U.S. workers.

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To begin with, the federal minimum wage should be raised because it would increase jobs and economic activity. Economists from the Federal Reserve Bank of Chicago believe that raising the minimum wage to $9 an hour would increase household spending by 48 million dollars. Increasing the amount of household spending would help the economy by injecting more money in the economy. In addition raising the minimum wage to $10.10 an hour would create 85,000 more jobs for the United States. Creating new jobs would help the economy because people would have more money to spend which would increase the economy.

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