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Raise The Minimum Wage Essay

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In the United States, the minimum wage is currently $7.25. Over the past 30 years congress has attempted to pass a bill to raise the minimum wage three times. Some people argue that it would improve the quality of life, but it would be at the businesses expense. The current federal minimum wage should be raised. The current wage is not enough to support a person or a family because of inflation the minimum wage is not what it should be at according to ALF-CIO. It would be $18.42 if it matched the inflation rate. For a worker that works 40 hours per week and 52 weeks per year they only make $15,080. According to ALF-CIO “[0 is] The number of states where a minimum wage working person can afford a one-bedroom apartment working a 40-hour week—without paying more than 30% of their income”. The national …show more content…

One way this large group of Americans supports themselves is government support. If the minimum rage was raised, millions of people would be able to support themselves and not rely on the government, saving the United States millions of dollars each year. Also a boost in the minimum wage would put a lot of money back into the economy. As employees are able to spend more, more money travels through the economy. A minimum wage hike would increase the economic activity. In such a situation, an increase to $10.10 over a three-year period, would release $22.1 billion into the economy according to procon.org. Some people say that a raise in the minimum wage would put more people in poverty. According to a report done by the 2014 Congressional Budget Office, “if the minimum wage was increased to $9.00, 300,000 people would get out of poverty”.That same report found that if the minimum wage was raised to $10.10, 900,000 people would get out of poverty. The federal set minimum wage should be raised. A raise would help many people and the economy as a whole. Procon.org said “The Congressional Budget Office projected

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Minimum wage would raise the wages of many workers and increment benefits what disadvantaged workers. An estimated 6.9 million workers would receive an incrementation in their hourly wage if the minimum rage were raised to $10.15 by 2015. Due to the spill over effect the 10.5 million workers earning up to a dollar above minimum wage would withal be liable to benefit from an incrementation. Women are the most astronomically immense group of beneficiaries from a minimum wage increase. Sixty percent of workers who would benefit from an incrementation are women.

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The federal minimum wage should be increased because raising it would increase the economic activity and spur job growth, decrease poverty, and also improvements in productivity and economic growth have outpaced increases in the minimum wage. Increases in job growth and economic activity will happen when the minimum wage is elevated. If the minimum wage was increased it will “inject 22.1 billion net into the economy and create about 85,000 new jobs over a three year period”. (“Raising the Federal minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost") Thousands of new jobs will be created and it will put billions of dollars into the economy.

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The minimum wage earner typically brings in half of their family's income. If it did happen to get raised congress could make benefits for low-wage workers. People till this day are having issues with insurance, health care and even housing there family. According to the Heather Boushey, she says raising the minimum wage would have positive effects on the economy and lowering the poverty rate. Economic research points to the conclusion that a higher minimum wage does not cause greater unemployment, it addresses the problem pretty well and could possibly boost the

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Say someone earning the federal minimum wage, which is $7.25 an hour, is renting a home for $800 dollars a month the whole pay check would mostly be spent on affording the house alone and non would be left for food or other necessities. If the minimum wage was raised it would allow people to afford the cost of living and it would raise the minimum wage rates up to the inflation rates. “Despite periodic increases, the buying power of the federal minimum wage hasn't kept up with inflation, according to the Bureau of Labor Statistics. Data show that in 1968, the federal minimum was equivalent to $10.90 in 2015 dollars, nearly $4 higher than today's rate,” (Rodgers). The minimum wage isn’t nearly high enough to counteract the rising inflation rates or even keep it up with it.

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The benefits of raising minimum wage are substantial according to the resources. The employee benefits by being properly compensated for their services. The employer will benefit by receiving a more stable work ethic from the employee along with a high production rate. The government will be benefit by reducing the deficit by putting less tax dollars into the government funded assistance programs utilized mostly by those who are unemployed or making minimum wage. An increase in the Federal minimum wage will do far more good to our economy than

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According to “The Economic Policy Institute stated that a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period”(ProCon)... Not only this, but raising the minimum wage could help reduce poverty because on account of “ A 2014

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