Minimum Wage Needs A Change - 1184 Words

Maggie Doherty Ms. Lee English 2 16 May 2017 Minimum Wage Needs A Change According to the U.S. Census Bureau, nearly 14% of the nation lives below the poverty line, the current population is 326,474,013, and 45,706,362 of the population lives in poverty every single day. One of the reasons why such a large chunk of the population is in poverty is because they are not being paid a reasonable salary for them to support themselves and their families. Raising the minimum wage can lead to problems, but gradual increases are made over time, it could be beneficial for millions of people around the nation. The positive effects of raising minimum wage is what makes it worth it. A raise in minimum wage can be beneficial; however, it must be a†¦show more content†¦Beyond that many people who are working minimum wage have families to support and their income wouldn’t even be close enough for them to support a family. A large amount of people working minimum wage are below the age of 30, but there is still a very large percentage of people above the a ge of 30 making minimum wage. A quote states â€Å"About 20.6 million people (or 30% of all hourly, non-self-employed workers 18 and older) are â€Å"near-minimum-wage† workers† (DeSilver). Many of the people above the age of thirty don’t live alone and need to provide for other people. This leaves not only the employees in poverty but their children, or whoever else lives at home with them. It is said that â€Å"Less than half (45%) of the 2.6 million hourly workers who were at or below the federal minimum in 2015 were ages 16 to 24† (DeSilver). A change in minimum wage could potentially help people out of poverty. Although raises in minimum wage can be a truly great thing, it can come with many cons. A lot of the times states make big jumps in minimum wage that do not work with the rate of inflation. Inflation is the decreasing and increasing prices when purchasing the value of money. As minimum wage increases it could lead to inflation. This means that prices from lower wage companies will have to end up bumping up prices in order to pay employees. States that raise minimum gradually overtimeShow MoreRelatedThe Positive and Negative Effects of Raising Minimum Wage805 Words   |  4 PagesAmericans is their income. Many people’s income relies on minimum wage. In 2012, 3.6 million people received an hourly pay at or below minimum wage. There is an ongoing debate in government as to what the minimum wage should be. Stuck at $7.25, Obama has suggested raising the minimum wage to $9.00. Depending on a person’s perspective, raising minimum wage could be positive or negative. Minimum wage has the ability to change lives, and change the economy. 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In â€Å"Federal Minimum Wage†, New Zealand and Australia enacted the first minimum wage law during the late 19th century to prevent employers’ exploitation of workers. In 1912, Massachusetts passed the first minimum wage legislation in the US that was enforced for women and children, and fifteen more states followed in the next eleven years. However, the Supreme CourtRead MoreMinimum Wage And The Wage960 Words   |  4 Pagescountry, or type of job believe that increasing the minimum wage would solve individual financial problems. It is important to know that this subject is not a black-and-white problem and can not be answered by a simple yes or a no answer. This article will be focusing on the minimum wage in America. Furthermore, we are focusing on the State s minimum wage rather the Federal minimum wage. It is important to understand that the state s minimum wage is different than the Federal. In some states it may