Essay on Labor Market Is The Low Minimum Wage

1259 Words Oct 17th, 2016 6 Pages
The most compelling problem in the United States’ labor market is the extremely low federal minimum wage. The current minimum wage before taxes is about $15,000 each year, or $7.25 per hour (History). Workers making minimum wage (or a wage close to it) are forced to work longer hours or multiple jobs. The ‘American Dream’ in which we as a people aspire to essentially says that if a person works hard every day, they can be successful in our country of opportunities. However, the people in this country who work multiple jobs are not doing so to get ahead and be successful; they are doing so in order to keep up with the expenses of living. It is both immoral and costly to our society for people to work extensively just to afford the costs of living, and we therefore ought to have a minimum wage that is substantial enough to live off of.
In the video, Two American Families, a black and white family both experience hardship after the factory that employed both fathers leaves for states that have weaker unions and lower wages (Moyers 2013). In both families, we see extreme economic instability and the inability of the parents to focus more of their time towards the development of their children. Both fathers had to settle for jobs that paid less than half of what they were making before. Because of this low wage, the families had to cut back on consumption and start taking assistance to keep food on the table – something that would have been easier if the minimum wage was set at a…

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