Why minimum wage should be raised to 12 an hour
I know from personal experience that $7.25 is barely enough for a single adult to get by on in Huntsville Alabama where the cost of living is one of the lowest in the country. I made $7.35 an hour and got about 27 hour a week which was about 198.45 a week after taxes I made about 160, now you times that by four it equal to $640 a month plus my army disability of $133 I had 773. I used this to pay my $380 rent, $60 light bill, $20 internet, $57 phone bill not to mention Netflix Hulu and gym fee which total to 30.98. So the sum of my bill were 547.98-733= 225 left of 56 each week to buy gas and food no to mention if an emergency came up I had to compensate for them. So as you can see I wasn’t …show more content…
But the buying power of the minimum wage reached its peak in 1968 the employment rate also fell from 3.6% to 3.5% in 1969. The only other time the unemployment rate came close to being this low was in 1996 after the minimum wage increase of 1996 and 1997. Contrary to what critics when our minimum wage increases our economy had unusually low unemployment, high growth, low inflation, and declining poverty rates which happen between 1996 and 1997. The unemployment rate fell from 5.6% in 1995 to 4% in 2000 so there evidence that the minimum wage increase will not hurt jobs of the economy. With worker being consumer and making up 70% of consumer spending of our …show more content…
Alex who wife owns and run a couple of small business clothing stores, where the primarily has part time workers. The wage increase will hit her hard with the increase of budget for payroll as well as all the other issues. One thing to mention is that the wage increase will not allow her to reward better workers with pay increases. Case and point the wage went up January the first in New York and one of her better workers ask for a raise but the raise went to the other four workers because she had to increase the minimum wage she was paying. Alex said that to be honest the part time workers that she employees do not deserve $15 an hour to hang clothes on racks. If you look at New York starting teacher salary the make. $41,000 per year which is about $20.50 per hour so to say a teacher who goes to school for many years would be paid close to the same as someone who just hangs clothes on the
I know from personal experience that $7.25 is barely enough for a single adult to get by on in Huntsville Alabama where the cost of living is one of the lowest in the country. I made $7.35 an hour and got about 27 hour a week which was about 198.45 a week after taxes I made about 160, now you times that by four it equal to $640 a month plus my army disability of $133 I had 773. I used this to pay my $380 rent, $60 light bill, $20 internet, $57 phone bill not to mention Netflix Hulu and gym fee which total to 30.98. So the sum of my bill were 547.98-733= 225 left of 56 each week to buy gas and food no to mention if an emergency came up I had to compensate for them. So as you can see I wasn’t …show more content…
But the buying power of the minimum wage reached its peak in 1968 the employment rate also fell from 3.6% to 3.5% in 1969. The only other time the unemployment rate came close to being this low was in 1996 after the minimum wage increase of 1996 and 1997. Contrary to what critics when our minimum wage increases our economy had unusually low unemployment, high growth, low inflation, and declining poverty rates which happen between 1996 and 1997. The unemployment rate fell from 5.6% in 1995 to 4% in 2000 so there evidence that the minimum wage increase will not hurt jobs of the economy. With worker being consumer and making up 70% of consumer spending of our …show more content…
Alex who wife owns and run a couple of small business clothing stores, where the primarily has part time workers. The wage increase will hit her hard with the increase of budget for payroll as well as all the other issues. One thing to mention is that the wage increase will not allow her to reward better workers with pay increases. Case and point the wage went up January the first in New York and one of her better workers ask for a raise but the raise went to the other four workers because she had to increase the minimum wage she was paying. Alex said that to be honest the part time workers that she employees do not deserve $15 an hour to hang clothes on racks. If you look at New York starting teacher salary the make. $41,000 per year which is about $20.50 per hour so to say a teacher who goes to school for many years would be paid close to the same as someone who just hangs clothes on the