Minimum wage continues to increase but does it increase enough? Minimum wage right now for Florida is set at $8.05 but who can really live off that. Many adults who can not get a degree now living off minimum wage. A coworker of mine who is 24 earns minimum wage while working in a retail store. She is forced to work over 40 hours a week just to afford her rent, phone bill and car payments. With the income she is making she still can’t afford to get an apartment so she is obligated to pay rent to her parents. The cost of living is continuously increasing. Bills, housing and everyday expenses continue to increase which is making it impossible for people to live comfortably.
Increasing Minimum wage to $15 is now being protested all around Florida …show more content…
Many people don 't spend money on clothes or unnecessary products because they simply can 't afford to. If people actually had money they would go out for dinner and shop at family shops which would help business become more stable. Raising minimum wage is not only helping the people but it is growing the economy. Minimum wage increasing helps stimulates our economy because consumer spending rises. Consumers spending money takes up over 70 percent of our economy. This helps with production in our society and helps create more jobs for people. Low income people obtaining more money is most likely to to spend their money at their local business or family owned shops. Raising minimum wage can help with stability in our …show more content…
They think that by the wage going up many people would be fired from their jobs. According to students from the University of California, University of North carolina and many other economist have found that loss of job due to rising minimum wage would not occur. Due to raising minimum wage twenty five cents in 1938 resulted in many american’s losing their jobs. People have to remember raising twenty five cents back then was like raising twenty five dollars now. Gas in 1938 was only ten cents a gallon and now it is three dollars or more. Last year minimum wage was raised twenty five cents to and that is truly sad because twenty five cents now can 't buy you anything it could back then. Twenty five cents then you could buy almost three gallons of gas or a whole meal. In 1968, minimum wage was at $1.60 an hour which in 2014 equals about
Increasing Minimum wage to $15 is now being protested all around Florida …show more content…
Many people don 't spend money on clothes or unnecessary products because they simply can 't afford to. If people actually had money they would go out for dinner and shop at family shops which would help business become more stable. Raising minimum wage is not only helping the people but it is growing the economy. Minimum wage increasing helps stimulates our economy because consumer spending rises. Consumers spending money takes up over 70 percent of our economy. This helps with production in our society and helps create more jobs for people. Low income people obtaining more money is most likely to to spend their money at their local business or family owned shops. Raising minimum wage can help with stability in our …show more content…
They think that by the wage going up many people would be fired from their jobs. According to students from the University of California, University of North carolina and many other economist have found that loss of job due to rising minimum wage would not occur. Due to raising minimum wage twenty five cents in 1938 resulted in many american’s losing their jobs. People have to remember raising twenty five cents back then was like raising twenty five dollars now. Gas in 1938 was only ten cents a gallon and now it is three dollars or more. Last year minimum wage was raised twenty five cents to and that is truly sad because twenty five cents now can 't buy you anything it could back then. Twenty five cents then you could buy almost three gallons of gas or a whole meal. In 1968, minimum wage was at $1.60 an hour which in 2014 equals about