Persuasive Essay On Raising The Minimum Wage

Raising the Minimum Wage According to the United States Census Bureau, in 2021, the ratio of the 90th to 10th-percentile of household income increased from 12.90 in 2020 to 13.53 in 2021. Meaning that the earnings at the top of the income distribution is 13.53 times higher than the earnings at the bottom. This confirms the fact that there is an economic inequality in the United States that’s just growing and growing. Creating a bigger and bigger gap between the rich and the poor, greatly harming the poor. To try and help out the poor from becoming poorer, there has been a proposal of raising the minimum wage. The proposal has consequently brought lots of debate around the benefits and/or the drawbacks of raising the minimum wage. Whether it

That it will only harm the poor more because raising the minimum wage will make them lose their jobs and later, make it more difficult to get a job. This argument is most likely one of the main reasons why Congress hasn’t raised the minimum wage since 2009. Giving the idea that not only do a lot of people believe this, but people who are empowered believe this. Many that have taken this side of the argument have expressed it clearly and thoroughly. For example, the news article “Raising the Minimum Wage Brings Minimum Benefits'', written by Newsmax writer, Neal Asbury, is one that takes this position. Asbury claims that historically, the higher the minimum wage relative to the competitive employment market, the greater the employment loss that occurs. This makes sense because later the author states that, “the Department of Labor's own assessment of the first 25-cent minimum wage in 1938 found that it resulted in job losses for 30,000 to 50,000 workers, or 10 to 13 percent of the 300,000 covered workers who previously earned below the new wage floor “. Asbury doesn’t only claim that though, he also believes along with others that most minimum wage earners aren’t even family heads. That the only people affected are minorities such as young students or people from other ethnic groups. The Cato Institute fairly proves this by presenting another part of its study that said,

To help them out, something has to be done to shorten the big income gap that exists between the richest and the poorest of our country. Before the gap becomes too big that homelessness starts becoming a problem for the poor. These people need help both economically and for their well being to survive. Personally though, I believe that the right choice regarding minimum wage and the economic injustice of this country, is to push programs like EITC and have governments support them and push for their use to help only those who really need it. Without affecting the whole country and to finally end this ongoing conflict that’s been going on since the first set minimum wage by congress