momentum in the year 2014, is the topic of minimum wage, and whether or not it needs to be increased. Both the state and federal levels of government are trying to push for an increase in minimum wage, effectively raising the amount people can earn, particularly those who find themselves within the lower class. Once again, at both a state and federal level, they face various amounts of opposition, who either disagree with the number being proposed, or any increase in general. Considering the upcoming bill
Many dissatisfied people suffer in the economy due to their incomes and the minimum wages. In an article, under CNN, the story of Kevin Burgos, an employed American father who’s suffering financially in the current state of the economy is used as an example to support the idea of increasing minimum wages. Kevin works full-time as a fast food assistant manager, earns above minimum wage, and brings additional money to his home on the side. However, his salary and extra money doesn’t fully pay off his
A minimum wage is an hourly wage that is established by the government which represents the minimum amount an individual receives per hour. The federal minimum wage was established in 1938 under the “Presidency of Franklin Roosevelt” (Henderson). Currently, majority of the states have their minimum wage less than $10. However, the federal government wants to increase the minimum wage to $12 across the United States. The federal government believes that increasing the minimum wage will assist numerous
The current minimum wage is $7.25 which was set on July 24, 2009 according to the United States Department of Labor (U.S. Department of Labor). If a worker is working full time and getting paid the current minimum wage he or she will make around $14,500 a year before taxes, which would put them just over the current poverty line. The potential effects of raising the federal minimum wage are an increased employer cost, increase money consumers have to spend, and increase wages for a portion of the
Roosevelt endorsed the federal minimum wage law in 1938 while the Great Depression was at its utmost insolvent position. Because at this point in time the economy was at its lowest, the sole purpose for its enactment was to keep the majority of Americans out of poverty and increase consumer demand. Following the 1960’s, the minimum wage has had a very gradual increase to the point where it is now at a standby. At this moment with a recession occurring, minimum wages have not brought any benefits
in America if you are living off of minimum wage, and many Americans are living off of it today. Raising minimum wages has its benefits like gaining more money to live better, but people do not see the down side of the increases in wages. With the increase in minimum wage, it also causes the cost of living to increase. How can this help the economy or help people? Minimum wages in America should not be increased because it will cause cost of living to increase, reduce employment, and cause businesses
helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.” -–President Obama, State of the Union address, Jan. 20, 2015 President Barack Obama is renewing his call to raise the minimum wage to $10.10. During a speech at a manufacturing
sick leave and equal pay. Things like lower mortgage premiums and a higher minimum wage. These ideas will make a meaningful difference in the lives of millions of families. That is a fact. And that's what all of us — Republicans and Democrats alike — were sent to Washington to do..." -- President Obama, State of the Union address In the United States Minimum Wage is approaching record lows. Even with recent increases inflation is one of the main reasons that workers are being paid less for labor
about the minimum wage in America and how people every day suffer to get day by day with the minimum wage they get paid. Even if they have two minimum wage jobs they still can’t support their family. I also talk about why they should raise the minimum wage to at least ten dollars and I will compare the minimum wage between Michigan and other states. The history of minimum wage for 1938 to the 2013 and how it have changed dramatically throughout the years. Many people with minimum wage jobs are usually
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. Many say one