Raising the Minimum wage:
Poverty and Equality.
A. Poverty
In an attempt to decrease poverty level in the U.S, as it is a basic right to the citizens, some researchers pointed to the consequential benefits of raising the minimum wage, but, on the other hand, some add that this is not the solution and it would rather risk increasing the poverty rate in the U.S. due to many reasons. In a zoomed in argument in such vital controversial issue, Some proponents argue that by raising the minimum wage to $10.10, incomes for an estimated 12 million people now in poverty will raise, lifting 2 million families out of poverty.
For Instance, a single parent with two children who works full time at the current minimum wage would be earning around $15,000 with a living percentage of 76% of the federal poverty level. If the federal minimum wage was raised from the current $7.25, the
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According to the Congressional Budget Office report on The Effects of a Minimum-Wage Increase on Employment and Family Income, increasing the minimum wage from $7.25 to $10.10 per hour will only reduce the number of people in poverty by 900,000, a relatively few portion of the 16.5 million people that would supposedly benefit from the raise. This is because of the number of minimum wage workers, relatively few are actually in poverty and of families who live in poverty, only about 7 percent have a full-time worker in the family meaning poverty is not because people are not being paid enough, it is because they are not working or not working enough. In addition, they argued that if raising the minimum wage would increase family income for many low-wage workers, moving some of them out of poverty. It would cause a risk in a probable elimination of some jobs for low-wage workers and the income of those workers would fall substantially, again causing