Is Minimum Wage A Living Wage? Essay
November 25, 2014
Is minimum wage a living wage? Raising the minimum wage would put the money in the hands of the engine that powers the economy; this allows local businesses to thrive and lets people live comfortably above the poverty line. Minimum wage is defined as the lowest wage permitted by law or by a special agreement while a living wage is defined as a wage that is high enough to maintain a normal standard of living. These two definitions are the center of an argument that is thriving throughout the United States. A living wage concept began when the minimum wage put a worker below the poverty line. A living wage allows an individual to live a comfortable daily life while a minimum wage puts an individual at a state where they are living paycheck to paycheck and making financial decisions every second.
Zero, that is the number of states in the United States of America in which a minimum wage worker can afford a two-bedroom apartment working nearly 40 hours per week. San Francisco 's minimum wage, which was last raised to $10.74 in January 2014, will gradually increase to $15 per hour by 2018 under Proposition J. (mwo). In recent months, a number of states have again taken the lead on measures to raise the minimum wage but many states are refraining. According to economist James Galbraith, raising the minimum wage would raise the incomes of 28 million Americans. (Galbraith). The first reason why raising the minimum wage is…