Pros And Cons Of Increasing The Minimum Wage

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One of the most frequently asked questions in the United States is whether the minimum wage should be increased or remain the same. The minimum wage is currently established at $7.25 an hour. The Federal Government composed the minimum wage in 1938 with the Fair Labor Standards Act. The passing of this act declared the fact that workers must be payed for working overtime. In the early stages of the minimum wage being put into effect, workers were paid twenty-five cents which is equivalent to four dollars in today 's currency. Increasing the minimum wage can be viewed from two distinct point of views. Supporters will argue with many reasons why the minimum wage should be increased. Opponents will argue with why the minimum wage should not be …show more content…

In light of the fact that so many people have been affected by means of the minimum wage, this paper strives to analyze the pros and cons with reference to whether the minimum wage should be increased. Supporters with reference to raising the minimum wage will argue that it should be raised to $10.10 an hour. They say it should be raised so that the lowest paid workers can afford their basic needs. If the minimum wage is raised, more people will be encouraged to work. With today 's rate of inflation at 0.73%, the minimum wage cannot meet society 's requirements. They say how today 's minimum wage is not high enough for anyone to live on. According to the company, Alliance for a Just Society, they state, "The federal minimum wage of $7.25 per hour represents less than half of a living wage for a single adult and a worker supporting only himself would have to work 93 hours a week at the federal minimum wage in order to make ends meet." This explains that raising the minimum wage would

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