Why should we increase the minimum wage?

Topics: Minimum wage, Employment, Wage Pages: 2 (502 words) Published: October 29, 2014
While the recent cost of living has risen, the minimum wage has remained stagnant, creating historic profit margins for companies that employ minimum wage workers. This uneven balance of the distribution of wealth is causing a significant amount of our population to suffer below the poverty line. Today, I urge you to vote in favor of this legislation in order to ensure that every single citizen of our country will be able to live a comfortable life, above the poverty line. The first benefit of raising the minimum wage is that such a raise will help bring a significant population of workers out of poverty. According to the U.S. Bureau of Labor Statistics, in 2012, approximately 9 million American workers earned a minimum wage per hour or less and 77% of these 9 million workers are the single income for the household. A full-time minimum wage worker makes $14,500 a year, leaving a two-person household below the federal poverty threshold of $15,130. About 70 percent of minimum wage employees, however, work fewer than 35 hours per week and thus earn proportionately less. In any case, a full time employee earning minimum wage in our country should not be below the poverty threshold. Therefore, raising the minimum wage would help bring the workers out of poverty. Once the workers are no longer below the poverty threshold, the government would save money on welfare payments and other savings that would be good for the nation’s economic health. In the United States, $131.9 billion is spent annually on welfare and the welfare one person gets is equivalent to an average hourly wage of $13.68. As of now, 4.3 million people are making minimum wage still need welfare, housing assistance and other government money just to survive. If we raise the minimum wage, a significant number of people who are on welfare would no longer require it and the government could focus that money on other programs. Lastly, this legislation must pass is that increasing the minimum wage would...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • why Minimum Wage should be increases Essay
  • Why we should raise the minimum wage Essay
  • Essay on Should Minimum Wage Increase?
  • Should There Be an Increase in the Minimum Wage (Newzealand) Essay
  • Increase Minimum Wage. Essay
  • Macroeconomics: Should the Minimum Wage Increase? Essay
  • we should riase the minimum wage Essay
  • Should the Minimum Wage Be Raised? Essay

Become a StudyMode Member

Sign Up - It's Free