Raising the Minimum Wage
Joshua Yascavage
American Military University
Abstract
In this paper we will look at why the increase in the Federal Minimum Wage standard and those implemented by states benefit business, and the community.
Raising the Minimum Wage
Working forty hours a week and you get home open the mail and realize you have a bill you cannot pay. You make the minimum wage, a wage that was meant to allow you to meet a minimum standard of living necessary for health, efficiency, and general well-being. (Fair Labor Standards Act 1938) The minimum wage has changed a few times through the years, and current sits at $7.25 per hour, and as of January 1, 2018, will be increased to $10.35
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Since this time the minimum wage has increased 22 times by Congress, the last time being January 1, 2018, (Minimum wage, 2018). Over two million workers earn below the minimum wage. With 55% of minimum wage workers in hospitality industry, (Minimum wage, 2018). Former U.S. Labor Secretary Robert Reich stated; “in the sense that the minimum wage nationally is 25 percent below what it was in 1968, adjusted for inflation,"(Gillies, 2015). In order for our society to grow we need to give families a living wage, and it has been proven that increasing the minimum wage effects …show more content…
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