Minimum Wage

The minimum wage has been constantly been talked about for the last 20 years and how it should be changed. Due to inflation in the US minimum wage has to be changed. The minimum wage has not been enough money to live and is a couple of dollar off from the living wage. The living wage is the wage that is enough money for people to live on but it does also depend on the area people live in. In 2009 was the last chance for the federal minimum wage and it moved up to $7.25. The federal minimum wage hasn’t changed since. A lot of things have changed in our economy since 2009. Also, it is proven that the minimum wage increase causes a 1.5% decrease in poverty. 

I am not arguing that the minimum wage should be raised to like $12 because that would cause some problems. First off if raised to $12 businesses will be forced to minimize their workforce because if they have to pay their workers more than they will have to have fewer workers. Which will cause the unemployment rate to go up? But if the minimum wage would be set higher than it would boost the economy because more money in people’s pockets creates greater purchasing power for lower-wage workers who are living off the base minimum wage right now.

But the minimum wage needs to be changed to keep up with our country. To put this in perspective to put the minimum wage back at how it was in 1968, the minimum wage would be $9.92. The basis of where we should keep the minimum wage should be around what’s the minimum wage that is economy can handle and what’s the living wage that people can get by within this country. Now the economy is forever changing, for example, the Great Depression and 2008 housing crisis, and the living wage is always changing depending on where people live and we society around them is like. 

Therefore the minimum wage should be forever changing and changing more frequently than it is now because it’s just not fair if it isn’t. If things are costing more and more and you are getting paid the same wage than it’s just unfair.

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