Minimum Wage in the United States

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Introduction WASHINGTON D.C. President Barack Obama has shouted on Congress to raise the combined minimum wage, the centerpiece proposition at the State of the Coalition address that concentrated on commercial inequality in America. Pointing out that the present minimum of $7.25 is nearly 20% lower in real paying manipulation than it was 25 years ago, he impelled legislators to prop a bill that should hold the nationwide rate to $10.10. We additionally have to do extra to safeguard our economy distinctions the dignity of work and that hard work pays off for all of our citizens. Americans overwhelmingly concur that no one who works maximum period ought to ever have to raise a relation in poverty. Many Americans desire to raise the minimum wage swiftly, beforehand there's one more fast-food strike. Obama has backed a Senate effort to do just that. Meanwhile, minimum wage in 13 states will go up commencing on Jan. 1. But, for now, combined minimum wage stands at $7.25 an hour. It could not sound so low, but it is. If an operative works maximum period at the present minimum wage, that worker’s annual income should be concerning $15,000. That falls below the poverty line for each relations of extra than one. Adding affront to injury: The buying worth of $7.25 at this moment adjusting for inflation, is truly 30 percent lower than it was four decades ago. For countless, it’s an outrage. Some economists blame such strategies for permitting the country’s income gap to widen. Countless are exhausted of staying for a combined rise and, seizing cues from Seattle, are shoving for deed on a state level. Others contemplate compelling up wages is Large Power tinkering whereas it demand not. And won’t a firm just select up and relocate to a lo... ... middle of paper ... ...d inflation rates make it hard to set real minimum wages. World Map and chart Minimum wages per hour in U.S. dollars: None $0.00-$1.00 $1.01–$2.00 $2.01–$3.00 $3.01–$5.00 $5.01–$7.50 $7.51–$10.00 $10.01–$16.88 Works Cited The US can learn something about minimum wage from the rest of the world. (n.d.). GlobalPost. Retrieved April 2, 2014, from http://www.globalpost.com/dispatch/news/regions/americas/united-states/131212/minimum-wage-around-world-salary-employment The US can learn something about minimum wage from the rest of the world. (2014, January 2). GlobalPost. Retrieved April 6, 2014, from http://www.globalpost.com/dispatch/news/regions/americas/united-states/131212/minimum-wage-around-world-salary-employment Worldcrunch. (n.d.). Worldcrunch. Retrieved April 2, 2014, from http://www.worldcrunch.com/mobile/#a:14866
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