The Job Market Today

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Recommended: Argumentative essay on minimum wage debate

While attending school, many students have to get part time or full time jobs to pay for their expenses. Because they do not yet have a degree or have little work experience, they often have to work for minimum wage. Minimum wage is the lowest amount of money a company can legally pay its employees. As of December 2013, the minimum wage in the United States was $7.25 an hour. In 2004 it was $7.00, in 2000, it was $5.15 and in 1995 it was$ 4.25. While the federal government as a whole sets the lowest possible wage a company can pay its employees, individual states can make laws to raise this amount. This is significant to make sure companies do not over exploit workers with low wages. Whether or not a higher minimum wage is good for the economy continues to be a subject of civil debate that many groups remained embroiled.
The National Employment Law Project which advocates raising the minimum wage to at least $10.10 or more says that the decline in the ability to buy things that is caused by the minimum wage is part of the reason why there is so much income disparity in the U.S. In o...

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