“Minimum Wage Effects On Employment, Substitution, And The Teenage Labor Supply: Evidence From Personnel Data.” Journal Of Labor Economics 31.1 (2013): 155-194. EconLit. Web. 24 Oct. 2013.
N.p., 26 June 2013. Web. 01 May 2014. Stern, Andy, and Carl Camden. "Why We Need to Raise the Minimum Wage."
Yet, inequality between workers has risen since the last decades of the 20th century (Parks 701). For example, minimum wage is worth 31% less than it did at its peak in 1968 (Harkin 16). Recently, Senator Tom Harkin introduced the Rebuild America Act to increase federal wage to $9.80 by July 1, 2014 (Hall and Cooper 1). There will be three incremental increases in minimum wage of $0.85 for a total raise of $2.55, including tipped workers (1). The minimum wage increase will affect 3.7 million minimum wage workers directly (Sherk para.
"No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty." -- Jon Corzine It is not shocking to hear that tens of millions of Americans are living in poverty. Startling statistics about the poor are constantly being tossed around on television with images of run-down neighborhoods and malnourished children. The real surprise, however, is that millions of those in poverty are full-time, minimum wage earning workers.
23 Apr. 2014. Sherk, James. "What Is Minimum Wage: Its History and Effects on the Economy." The Heritage Foundation.
Views on Raising Minimum Wage Liberal Conservative Helps keep pace with inflation Makes hiring workers... ... middle of paper ... ...se the action you believe would lead to the best outcome for the United States economy. I believe that the best outcome would come from gradually increasing the minimum wage, because it allows tax recipients to become tax payers. It is strategy that, if properly executed, would benefit workers, consumers, and shareholders. Works Cited Associated Press. "Minimum Wage Hike Bills Being Pushed in at Least 30 States."
"Los Angeles lawmakers Tuesday voted to boost the minimum wage to $15 an hour by 2020, the largest city to try to help its lowest-paid workers survive amid the nation's growing income inequality." -- Michael Winter, USA TODAY May 19, 2015 Understanding the potential of an increase in today’s minimum wage is the key to understanding the above statement. As a financial mechanism in American society, the minimum wage has helped to sustain generations of workers. Yet, there are two sides to the debate over minimum wage increases. One side—the proponents—feel strongly that low-income workers need some incentive to earn a sufficient living.