Raise Minimum Wage?
Today's society is full of expenses. These expenses include things necessary for living such as food, clothing, and house payments. They also include things that aren't exactly necessary for living, but are nice to have such as a telephone, television, or a computer.
The fact is that all prices are constantly going up. Food, gas prices, electric bills, and phone and cable services seem to increase every year. Household appliances are also always going up in price because of new features the appliance is capable of doing.
People who are uneducated and just work minimum wage jobs can barely afford the things they need to live on. Costs of living are always going up, yet minimum wage is always the same. As shown on a minimum wage history graph at http://oregonstate.edu/instruct/anth484/minwage.html, minimum wage hasn't changed since 1997. This is the longest stretch with no change in the US minimum wage history.
In order for people to be able to have the necessary things to live on, minimum wage needs to be increased. Prices are just getting too high for some people to have a healthy lifestyle.
2 comments:
I disagree with this article because it is a proven economic fact that if you increase the minimum wage it will not improve the social welfare in the long run. By increasing the minimum wage it creates a surplus of workers in the job market. This surplus will decrease the amount of job opportunities there are out there for those seeking employment. By increasing the minimum wage it will only make unemployment worse than what it already is. Employers will then have to resort to other ways to offset the impact of higher wages by increasing the price of their goods, reducing the quality, or reducing fringe benefits. The overall impact of increasing the minimum wage is hurting the American job market and economy.
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