Essay Minimum Wage Is An Hourly Wage

Essay Minimum Wage Is An Hourly Wage

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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 people in the United States as most individuals are working in a minimum wage job to support their families. About “75.3 million people ages sixteen and over worked for hourly wages in 2008, according to the U.S. Department of Labor’s Bureau of Labor Statistics” (“Minimum Wage”). Meaning almost a quarter of the workforce of this nation are working a minimum wage job. Numerous people believe that these workers are not able to make their ends meet, and increasing the minimum wage will help these individuals substantially. Even though people believe that increasing the minimum wage will benefit the society, they tend to overlook the drawbacks of increasing the minimum wage, and how it will prove to be detrimental for the society.
People believe that increasing the minimum wage will reduce poverty and improve the living standards of the individuals. Undoubtedly, increasing the minimum wage will give an opportunity to individuals to earn more money and fight the rising costs of inflation. A study shows that "a couple with two children would have to work a combined 3.3 full-time minimum wage jobs to make ends meet", which is next to impossible. (Sklar). In today 's society it is almost impossible to get by in America by having only one mini...

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... the minimum wage will take off all the benefits a young adult can take advantage of while being in high school or college to prepare for their future.
Therefore, even though the people believe that increasing the minimum wage will help the individuals, they tend to overlook the negative consequences of doing so, as increasing the minimum wage will increase unemployment, encourage teens to drop out, and will raise the level of inflation. Raising the minimum wage will prove to be detrimental as it will take away opportunities from high school students to gain insight and explore different career options. Additionally, it will also reduce the unemployment rate, making it harder for the working poor to meet their basic needs in order to survive. Thereby, raising the minimum wage is not a feasible option because it will only deteriorate situations for the labor force.

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