The Pros And Cons Of Minimum Wage Increase
Minimum Wage Increase
“Americans overwhelmingly agree, no one who works full time should ever have to raise a family in poverty…”, said the State of the Union in 2014. In 2014, fifty-three percent of all people, that worked full time jobs, year-round, that were between the ages of 18 and 64, were living at poverty level (U.S Census, 2014). People are working their hardest and still not being able to get by. A minimum wage increase could prevent this. With the wage increase, people will be able to afford more and their income would be higher, so there will be less people that need government assistance. In 1950, the minimum wage went up 88% and it only bettered the economy and people’s lives. What is to say a minimum wage increase up to fifteen dollars an hour, in small steps, would not better the economy? When doing the increase in small steps, it will slowly help people rely more on themselves and less on government assistance, as well. Some people think with a wage increase, there …show more content…
The most positive outcome would be that minimum wage would raise and there would be less people struggling to make their bills, fewer on government assistance, and more people being able to work to better their lives. Another outcome would be that things would be slightly more affordable, same possibility as before, but on a smaller scale. A negative outcome, with my proposed solution would be a type of inflation. The prices of groceries, rent, etc., would raise because of minimum wage raising and society would be in the same shape as before, struggling to make ends meet. Another negative outcome is that minimum wage would be raised too slow to make a difference. Going along with the first negative outcome, prices are continuously going up, regardless of minimum wage. If minimum wage is raised too slowly, it will not be able to keep up with the ever-rising prices of everything
“Americans overwhelmingly agree, no one who works full time should ever have to raise a family in poverty…”, said the State of the Union in 2014. In 2014, fifty-three percent of all people, that worked full time jobs, year-round, that were between the ages of 18 and 64, were living at poverty level (U.S Census, 2014). People are working their hardest and still not being able to get by. A minimum wage increase could prevent this. With the wage increase, people will be able to afford more and their income would be higher, so there will be less people that need government assistance. In 1950, the minimum wage went up 88% and it only bettered the economy and people’s lives. What is to say a minimum wage increase up to fifteen dollars an hour, in small steps, would not better the economy? When doing the increase in small steps, it will slowly help people rely more on themselves and less on government assistance, as well. Some people think with a wage increase, there …show more content…
The most positive outcome would be that minimum wage would raise and there would be less people struggling to make their bills, fewer on government assistance, and more people being able to work to better their lives. Another outcome would be that things would be slightly more affordable, same possibility as before, but on a smaller scale. A negative outcome, with my proposed solution would be a type of inflation. The prices of groceries, rent, etc., would raise because of minimum wage raising and society would be in the same shape as before, struggling to make ends meet. Another negative outcome is that minimum wage would be raised too slow to make a difference. Going along with the first negative outcome, prices are continuously going up, regardless of minimum wage. If minimum wage is raised too slowly, it will not be able to keep up with the ever-rising prices of everything