Increase Minimum Wage. Essay

998 words - 4 pages

The minimum wage was first enacted into law as part of the Fair Labor Standards Act (FLSA) of 1938. The original minimum wage applied to workers engaged in interstate commerce and the production of goods for interstate commerce. In 1938, this applied to roughly 11.0 million workers out of a total of 54.9 million workers. The minimum wage was set at $0.25 per hour. However, by 1966 the minimum wage $1.25 and applied to virtually all workers. In its beginnings, the minimum wage was set at a value that was high enough for a person to live off of (Valetta 3). However, in recent years someone who works a job that pays minimum wage will fall well below the poverty line. Therefore, instead of somebody working three jobs to support their family, a large increase in the minimum wage is a necessity. In essence, I do not believe that there should be a minimum wage; there instead should be a livable wage.

American workers are paying for continuously rising costs of goods and services, yet those who earn low wages have gone seven years with no action by Congress to raise the minimum wage to help them meet those costs. For too many working families a full-time job does not provide enough money to support a family. Raising the minimum wage would increase families' ability to pay for necessities such as childcare, housing, food and medicine. The annual income of an individual working full-time, with two children, at the $5.15 an hour minimum wage leaves them $4,100 below the poverty level. An increase in the minimum wage to $10.00 would benefit over 10.2 million children living in households where a worker earns between the current minimum wage and $10.00 per hour (Edith 1).

Because the minimum wage is not fixed for inflation, its purchasing power has decreased over time. The seven years since the last increase is the second longest period, which Congress has failed to increase the minimum wage. As a result of the unchanging minimum wage, a full-time minimum wage paycheck, which would have kept a family of three above the poverty threshold during most of the 1960s and 1970s, provides an annual income that is not even three-quarters of the poverty line in 2003(Miller 1). Many of the 12.1 million American children living below the poverty line would benefit from such an increase. The current earnings of a single parent working full-time at minimum wage covers only 42 percent of the estimated cost of raising two children. This is down from 48 percent in 1997 when the minimum wage was last raised. If the minimum wage were raised to $10.00 per hour, it would cover a much greater percent of the costs of raising two children, a significant improvement for working families (Michl 4).

Contrary to a common perception, minimum wage jobs are not reserved for teens. In fact, most minimum wage workers are adults, and many are the key breadwinners in their...

Find Another Essay On Increase Minimum Wage.

The Minimum Wage Should Be Increased

1038 words - 4 pages Congress enacted the federal minimum wage in 1938, during the Great Depression. Congress had two goals; keeping workers away from poverty and boosting consumer spending for economic recovery. Today, there is a debate, whether we should increase the minimum wage again. Increasing the minimum wage is useful for several reasons. First, the current minimum wage has failed to keep up with inflation. Second, a higher income level reduces employee...

History of Minimum Wage Essay

1516 words - 6 pages The definition of Minimum Wage is “an amount of money that is the least amount of money per hour that workers must be paid according to the law” (Minimum wage). Minimum wage, like other laws, are used to keep the economy in line. Minimum wage laws were invented in Australia and New Zealand with the purpose of guaranteeing a minimum standard of living for unskilled workers. (Linda Gorman) Minimum wage puts a price on the services one offers. Many...

Pros and Cons of Raising the Minimum Wage

1322 words - 5 pages Pros and Cons of Raising the Minimum Wage When you picture a minimum wage worker, who do you picture? Do you see a sixteen year old, a middle-aged mother, a college graduate, or even a senior citizen worker? In September of 2013, California governor Jerry Brown signed a new bill into act that would cause the California minimum wage to rise from the current $8.00 and hour to $10.00 and hour in increments over the next three years. The minimum...

A Higher Minimum Wage May Help Workers

1933 words - 8 pages With President Franklin Roosevelt’s cries for “A fair day’s pay for a fair day’s work,” the Fair Labor Standards Act established minimum wage in 1938 (Grossman). Overtime, the minimum wage has been raised in order to account for inflation (BLS 14). However, what the overall economic impact of raising the wage will be is once again a daunting and extensive question. The controversy over raising the minimum wage seems to come from often...

Minimum Wage Legislation

870 words - 3 pages Minimum Wage Legislation I am going to pose the question to you the students of Sir Sandford Fleming College, do you really want the minimum wage legislation left in affect? As college students you are not benefiting or gaining anything from minimum wage legislation. The minimum wage legislation requires all employees to be paid at least some fixed given dollar amount per hour. This sounds good, but it isn't all that it seems! Minimum wage is...

The Pros and Cons of Minimum Wage

1269 words - 5 pages Increasing the minimum wage may help hard working families make ends meat. The first federal minimum wage in 1938. Started at $.25 an hour. In 1968 it reached its peak value. Since then the value has fallen thirty percent, so that today’s minimum wage of $5.15 is equal to $4.18 which is equivalent to the value in 1995 (women, 4). Some states have decided to raise the minimum wage above $5.15 an hour even though the senate ultimately sets the...

Minimum wage in the US.

859 words - 3 pages It sounds simple raise the minimum wage, reward hard work, and strike a blow against the society's inequalities. It's an emotional argument that blurs out the truth and make's people forget one important economic lesson: There's no such thing as a free lunch. The minimum wage has not been increased since the industrial welfare commission raised it to $4.25 an hour. The IWC and the legislature have not agreed since that time that any additional...

War on Wages

1575 words - 6 pages President Obama opened his State of the Union address with the dilemma of service employees earning minimum wage in the United States, “Even with the tax relief we’ve put in place, a family with two kids that earns the minimum wage still lives below the poverty line…that’s wrong” (qtd in State of the Union Address 2013). The debate over whether or not the minimum wage should be raised has carried on for years between Democrats and Republicans....

Congress should raise the minimum wage to $8.00 Use the although…because.The although clause will be your last mention of your opponents' viewpoint.

1110 words - 4 pages Argumentative EssayTopic 3. Congress should raise the minimum wage to $8.00Use the although…because thesis shown on page 276.The although clause will be your last mention of your opponents' viewpoint.Feel free to use a problem-solution order for your argument based on effects you have already analyzed in your causal analysis essay.MLA Format: Have at least 5 reliable sources that you found by using a college...

An Examination of Minimum Wage and Its Economical Impact

2780 words - 11 pages The concept of minimum wage is a complex economic program pitting an employee's benefit of a living wage against an employer's hardship of forced policy. In this critical analysis of the minimum wage, each side presents an argument for or against the program. This examination provides an insight into whether minimum wage serves as a social and economic safety net or a welfare crutch with crippling effects for those affected. The presentation...

Should The Minimum Wage Be Raised?

1761 words - 7 pages Should the minimum wage increased to $10.10 an hour? This has increased over the years and everyone has their opinions. Those who are in favor of increasing minimum wage to $10.10 believe that more money will decrease poverty and the unemployment rate. Those who oppose the increase in the minimum wage, believe that it should not be increased and should stay the same, because it will cause businesses to close up because they are not making enough...

Similar Essays

Minimum Wage Increase Essay

1537 words - 6 pages A heated discussion that has only gained momentum in the year 2014, is the topic of minimum wage, and whether or not it needs to be increased. Both the state and federal levels of government are trying to push for an increase in minimum wage, effectively raising the amount people can earn, particularly those who find themselves within the lower class. Once again, at both a state and federal level, they face various amounts of opposition, who...

We Must Increase the Minimum Wage

1534 words - 6 pages My essay is about the minimum wage in America and how people every day suffer to get day by day with the minimum wage they get paid. Even if they have two minimum wage jobs they still can’t support their family. I also talk about why they should raise the minimum wage to at least ten dollars and I will compare the minimum wage between Michigan and other states. The history of minimum wage for 1938 to the 2013 and how it have changed dramatically...

We Should NOT Increase the Minimum Wage

2383 words - 10 pages I could be easily replaced by someone tomorrow for less money.” What a sober statement, one you do not hear everyday. I heard this statement from a co-worker, he has been with the grocery store twenty plus years. His remark caused me to formulate many questions on the ethics of business. Like how the decisions businessmen make affect the average worker's ability to support themselves. How do we make a living? Through working,but is that work...

A Minimum Wage Increase Will Stimulate the Economy

1683 words - 7 pages President Franklin Roosevelt endorsed the federal minimum wage law in 1938 while the Great Depression was at its utmost insolvent position. Because at this point in time the economy was at its lowest, the sole purpose for its enactment was to keep the majority of Americans out of poverty and increase consumer demand. Following the 1960’s, the minimum wage has had a very gradual increase to the point where it is now at a standby. At this moment...