Pros And Cons Of Minimum Wage

Tyler stone

Ms. Dimaio

Eng 091

April 24, 2016

Cost of education Every one living in the United States has an opinion on the Minimum wage. Minimum wage was designed to help those living in poverty, and has been around since 1938. It has also caused plenty of conflict. There are obvious pros and cons and although it has friendly intentions it has turned into an unfriendly policy. The minimum wage should be raised until the lowest paid individual can afford any basic needs to survive. Where the minimum wage is resting at now it has many problems such as making the simplest life hard to afford and makes the average living expenses very stressful. When there is a significant gap between the minimum wage and what it costs

“Of course, nothing helps families make ends meet like higher wages…and to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.” (Obama 1) the average CEO makes 933 times more than their minimum wage worker. States have raised “the minimum wage 91 times since 1987 during periods of high unemployment, and in more than half of those instances the unemployment rate actually fell.” (War Room 2) A study by CAP has shown that raising the minimum wage as well as helping people get off food stamps would save the government $46 billion over the course of ten years. Also the non-partisan Congressional Budget Office concludes that the states that raising the minimum wage to $10.10 would lift 900,000 people out of

Those arguing for an increase such as Bernie sanders are on a more reliable and mathematical ground. Bernie sander states that “Its purpose is social. It is meant, just like many other laws to protect those who don’t have the power or resources to protect themselves.” (Sanders). On average a fulltime minimum wage worker makes $14,500 a year which leaves many family’s struggling to make ends meet. With a higher minimum wage we would end up paying less for Medicaid, food stamps and other assistances people living in poverty need to survive. Many members of congress also conclude that if the minimum wage was raised correctly for inflation from 1968 it would be $10.10. By boosting pay in the low-wage jobs on which more families are relying than ever, a stronger minimum wage will help restore the consumer spending that powers our economy and that local businesses need in order to