Minimum Wage Debate Essay

The debate that is being referenced within this article, is regarding the current minimum wage. Policymakers have been approached with widespread discontent with the federal minimum wage by minimum wage earners who are wanting it to be increased so they can better their current economic situation. In the government eye, any increases in the minimum wage are to essentially help fix the high percentages of poverty within the country and assist low-income families. As it stands, the current minimum wage of $7.25 is not enough to place an individual above the poverty line, and no where near enough to solely raise a family. An increase of at least $2.25 will seemingly fix this effect, and was one of the many economic policies that the Obama administration were going to attempt to fix.
The Employment Policies Institute …show more content…
The arguments they made and theories provided, where all substantiated by the evidence so it was sound. However, the economic background of the members of this group and the type of economist they are, did play a huge role in the interpretation of the data. For instance, a labor economist may have interpreted this argument different than a public finance economist. However, this potential bias did not create a huge concern unlike the group of articles that pushed for the increase in minimum wage did.
The increase in minimum wage has only been supported by non-profit organizations and groups of uncredited, biased individuals. Each argument was just a rebuttal to the popular negative viewpoint of the increase in minimum wage, and was unsupported by any evidence that fell on the same federal policy scale. There were also many stories of what these low-income families are facing, and arguing that we need need to help. This completely sidetracks from the intended goal of pushing for its