An increase in the minimum wage has many benefits for the people of the U.S. Increasing the minimum wage would advance the average living for many families already living under the poverty line. According to Jamieson (2011), “Jacking the federal minimum wage from $7.25 to $8.25 would give a raise to 10 million workers”. A minimum amount of income is extensive for workers in order to survive and pay the necessary bills to live. A regular full-time job is working 40 hours per week and with getting paid as little as minimum wage per hour, an average person will make about $1000 per month after taxes and such are deducted. With such high prices of living, rent by itself can take almost the whole paycheck if not more. H...
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...types of positions, there are types of taxes withdrawn. Consequently, tax revenues for the country are condensed. If the minimum wage was eliminated, the revenues would go up. Moreover, with smaller quantity of jobs accessible for illegals, they will not be as motivated to come into the country to begin with.
The minimum wage law has its advantages and disadvantages. In a sense it will help those less educated/skilled support their families and be able to afford the costs of life. The minimum wage keeps employees guaranteed to make the bare minimum. Without minimum wage, employers could put any price they wanted on labor. Nevertheless, minimum wage does hurt business owners and keeps there business from running effectively because they have a certain budget they must pay their employees. Like anything else, the minimum wage law has its benefits and difficulties.
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