Minimum wage has been around since 1938 and every since then minimum has been steadily increasing. Minimum wage increase has came to a stop since 2009 to the present day 2018. We have been sitting at $7.25 for nearly 10 years. If we calculate our current minimum wage into the earnings in 1938 it would be around $.41 cents. This raises the problem and debate that will be discussed in my research below. Can anyone live a enjoyable life making $.41 cents a hour or $7.25 a hour? Can they support their family? Do they feel appreciated? There are plenty of concerns when it comes down to the fact of someone making a little over $7 an hour and only work approximately 7 hours. An average person works at least 105,000 hours in their lifetime. If we A average family spends about $63,784 in one year for costs of everything needed for survival. This includes things like: housing, transportation, taxes, utilities and other household operational costs, food, healthcare, vices, and personal care. Not mentioned about things that is spent is entertain items which include things like: phones, televisions, gaming systems, and computers, which costs about $2,564. If someone is making $15,000 a year, it will take 3 and a half years for that person to live comfortably for one year. To put things in perspective or in a ratio, 7:2, for every 7 years that person is working $7.25 an hour or $15,000 a year, that person is living comfortably for 2 years. It is almost impossible to live a good or comfortable lifestyle making $15,000 a year. According to a 2013 poll by Oxfam America, 66% of US workers earning less than $10 an hour report that they just meet or don't even have enough to meet their basic living expenses, and 50% say that they are frequently worried about affording basic necessities such as food. A 2015 report by the Alliance for a Just Society, found that 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 or skip necessities like meals or Everyone can not afford college. A public 4 year university costs about $23,890. For a person making $15,000 a year, this is impossible. They might be able to get student loans but they will ultimately have to pay it off. This causes the problem of debt and with the pay that person receives of $15,000 a year, either they will pay off the debt in a long amount of years and live in poverty or take the risk of not paying off the debt which can leave to jail time. If we increase the minimum wage of people’s pay then we will give them opportunities to go to college, make more money, get a career, and be a successful person overall. College isn’t free but it is helpful. To get to the point of going to college and being able to chase a certain career for people who has a family that is not that rich in income, minimum wage has to be raised. Everyone deserves a fair chance to get an enjoyable college career to better his/her self. To get away from minimum wage and get a college education minimum wage has to be raised. A 2014 study found that raising the minimum wage in California to $13 per hour would increase the incomes of 7.5 million families, which means that less people would be living in poverty. Teens who live in poverty are twice as likely to miss three or more days of school per month compared to those who do not; thus raising the minimum wage and lifting families out of
Related Documents: The Pros And Cons Of Minimum Wage
Pros and Cons of minimum wage The National minimum wage rate is currently £6.19 for workers over 21. The minimum wage was introduced in April 1999 and is the legal minimum that employers can pay for an employee. Minimum wage is determined through different age groups and whether or not you are an apprentice: £6.19 Workers aged 21 and over £4.98 workers 18-20 £3.68 workers 16-17 £2.65 - Apprentice rate The minimum wage can be seen in a very positive way as it reduces poverty. The minimum wage increases…
Technical College 28 October 2014 Minimum Wage Economically speaking, minimum wage can be denoted as “the lowest amount that employers can legally pay their workers per hour of labor” (History), and is a heavily debated between various political groups as well as economists. There are pros and cons to lowering and raising the minimum wage, even if it should be in existence in today’s economy. Pros to the inclusion of the minimum wage include that it guarantees fair wage on the minimal level, and to oppose…
Not Raising the Minimum Wage: More Food Stamps and Welfare While trying to fight off a bout with the flu, Bob Smith worked his busy sixty hour week at the local hardware store. One day, while riding home on the bus after just receiving his measly paycheck, he wondered how he was going to put food on the table for his four young children and buy new shoes for two of them, who are growing like weeds. He also feels a strong obligation to help his ailing mom pay her medical bills. He could barely…
Pros and Cons on Raising The Minimum Wage Raising minimum wages actually promotes growth (Meroney, 1995) and will have a positive effect on the economy. The positive effect will come from promoting job growth. This statement was made by U.S. Labor Secretary Robert Reich. Reich recommended that the minimum wage of $4.25 and hour be pushed up to $5.15 an hour over a two-year period. Reich said, it has been shown that pushing the minimum wage up, would assist in welfare reform, and lower the number…
Compare and contrast Place where people live and work Student name: Li Mo (Zoe) Student number: 12209 Teacher name: Stewart Fraser Due Date: 27 April 2013 Word counts: 1005 Question: Compare and contrast attitudes towards students working part time in your country and in the U.S.A. Use specific examples and provide appropriate evidence to explain your answer. Part-time jobs now is very common for students in many countries, we can see a lot of job…
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