Increasing Minimum Wage
This is what single parents have to face when earning an income that is determined by the minimum wage.
Minimum wage is an hourly wage that is set by law made by the government. Minimum wage was first implemented in the US in Massachusetts in 1912. In 1924, the Supreme Court ruled that having a minimum wage violated the Fifth Amendment by impeding with “the freedom of businesses and workers to form contracts without government interference” (“Minimum Wage”). The Supreme Court then revoked their decision during The Great Depression and decided that the government had the right to establish minimum wage rates. The 1938 Fair Labor Standards Act set a minimum wage of forty cents per hour for businesses that traded between states. The Fair Minimum …show more content…
The increased minimum wage for the workers “allows them to buy more goods and services” (Stonecipher and Wilcox 2) . If the minimum wage was increased to 12 dollars, then the earnings would increase to “nearly $80 billion…over the next five years” (It’s Time). This increased amount of income would flow into economy and definitely enrich it. It has been proven that even with the minimum wage rapidly changing the “real GDP per capita has steadily increased” (Minimum Wage Mythbusters). This shows that increasing minimum wage could be a desirable way to improve our …show more content…
In the US, the percentage of Americans living below the poverty level, as of 2013, was 14.5 which amounts to about 45 million people (“Income, Poverty, and Health Insurance”). Increasing the minimum wage by ten percent would decrease the amount of people in poverty by 2.4 percent (Konczal). Getting more people out of poverty will help them by not having them have to decide where to sleep the next couple of nights. Out of all of the minimum wage workers “about half of all workers in the bottom 20 percent of wage earners (roughly anyone earning less than $10.10) receive public assistance in the form of Medicaid and the six primary means-tested income-support programs”(Raising the Minimum Wage). The increased wage would help the workers not have to use or not as many public assistances provided by the
Minimum wage is an hourly wage that is set by law made by the government. Minimum wage was first implemented in the US in Massachusetts in 1912. In 1924, the Supreme Court ruled that having a minimum wage violated the Fifth Amendment by impeding with “the freedom of businesses and workers to form contracts without government interference” (“Minimum Wage”). The Supreme Court then revoked their decision during The Great Depression and decided that the government had the right to establish minimum wage rates. The 1938 Fair Labor Standards Act set a minimum wage of forty cents per hour for businesses that traded between states. The Fair Minimum …show more content…
The increased minimum wage for the workers “allows them to buy more goods and services” (Stonecipher and Wilcox 2) . If the minimum wage was increased to 12 dollars, then the earnings would increase to “nearly $80 billion…over the next five years” (It’s Time). This increased amount of income would flow into economy and definitely enrich it. It has been proven that even with the minimum wage rapidly changing the “real GDP per capita has steadily increased” (Minimum Wage Mythbusters). This shows that increasing minimum wage could be a desirable way to improve our …show more content…
In the US, the percentage of Americans living below the poverty level, as of 2013, was 14.5 which amounts to about 45 million people (“Income, Poverty, and Health Insurance”). Increasing the minimum wage by ten percent would decrease the amount of people in poverty by 2.4 percent (Konczal). Getting more people out of poverty will help them by not having them have to decide where to sleep the next couple of nights. Out of all of the minimum wage workers “about half of all workers in the bottom 20 percent of wage earners (roughly anyone earning less than $10.10) receive public assistance in the form of Medicaid and the six primary means-tested income-support programs”(Raising the Minimum Wage). The increased wage would help the workers not have to use or not as many public assistances provided by the