Minimum Wage And The Wage Essay

Minimum Wage And The Wage Essay

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Minimum Wage, Is How Much?
Minimum wage is the lowest wage someone can be paid that is permitted by law per hour (“Minimum Wage”). The Federal minimum wage was created in 1938 by President Franklin D. Roosevelt starting out at $0.25 per hour. The Federal minimum wage is now set at $7.25 which was put into effect on July 24, 2009. The minimum wage has been set at $7.25 an hour for more than seven years. Some people think that the minimum wage should stay the same and others think that it should be increased. The Federal Government should increase the minimum wage because it would give more money to hard-working Americans, it would save the government money, and it would lift many people out of poverty.
If the minimum wage would increase, then more money would be given to Americans. If Americans started to get paid more money than normal, most people will just buy more items than before meaning the economy will boost because of consumer spending (“10 Reasons to Raise the Minimum Wage”). Consumer spending makes up seventy percent of the economy. If the minimum wage is raised, there will be increases in the amount of money each person spends causing the need for more demand leading to new jobs. If the minimum wage was increased, then it would be like an assembly line; increase in minimum wage means more spending, more spending means higher demand, higher demand means more jobs. The minimum wage affects many things; not just what people get paid but really everything dealing with money. So, increasing minimum wage means more jobs and more money for workers, those are some good benefits of increasing minimum wage (“NELP Biography”).
If the minimum wage goes up, then it will save the government a lot of money. For those people who...


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...nk about the same scenario with someone relying on that person, that would bring them under the poverty line. Around twenty-nine percent of adults struggle with trying to stay above that poverty line, and some of them don’t stay above it. People have to understand that minimum wage isn’t just for teenagers that are wanting a job, it’s also for adults that need a job (Sencer).
In conclusion, minimum wage is a topic that will never be forgotten and will always be brought up no matter how high or low the minimum wage is. The minimum wage would help a lot of things if it was increased in the early future. Increases in minimum wage would help give more money to hard-working Americans, would save the government money, and would lift many people out of poverty. If the United States raised its minimum wage, the economy would benefit a lot and especially low-income families.

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