Pros And Cons Of Increasing Minimum Wage

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Increasing Minimum Wage One of the most frequently asked questions in our country seems to be: "Should minimum wage be raised or should it be lowered or eliminated altogether?" Raising the minimum wage would not only lift individual people out of poverty, but it also promotes job growth, thus strengthening businesses and the economy overall. It is not shocking to hear that tens of millions of Americans are living in poverty. Startling statistics about the poor are constantly being tossed around on television with images of run-down neighborhoods and malnourished children. The real surprise, however, is that millions of those in poverty are full-time, minimum wage earning workers. Many say one should feel…show more content…
Considering the poverty rate and poor living conditions present today, this vision is no longer being fulfilled. In order to create a nation with acceptable living conditions, lowered poverty rates and income inequality, and a stable economy, the minimum wage must be raised to a livable rate. Opponents of an increase argue that the economy would suffer, but the reality is quite the opposite. Economic conditions could be greatly improved with a rise in minimum wage, and that is exactly why this is an issue much larger than just the working class. The implementation of minimum wage, is a solution and disadvantage to all. It helps people, who work to earn a living. Evidently, the main reason for the implementation of it, it is because of poverty. Poverty, nowadays has grown quite drastically because of unemployment…show more content…
This would increase their ability to pay more to support themselves and assist some of them get off of government assistance. Yet, it benefits the poor or people in poverty because; it gives them a chance to make a living and many more. And yet, low-income families financially benefit when the head of the household enters the labour force and takes a job that pays near the poverty level. However, additional hours of work – or higher wages – beyond that generally produce little additional net benefit until earnings exceed 150 to 200 percentile of the poverty level. But, some stated that, it does not affect poverty at all because, in fact, very few poor families have any full-time workers at all. Only 9 percentile of adults living below the poverty line work full time year round. One quarter work part time. Two-thirds of adults living below the poverty line do not work at all.Raising the minimum wage hurts their job prospects but does nothing to increase their earnings – they have

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