The federal minimum wage is $7.25 an hour, which means that depending on where you live, working for an hour will barely buy you a Chipotle burrito (this is without guac). Because of inflation, the minimum wage today is worth a few dollars less than before. Many politicians agree that we should raise minimum wage. Bernie sanders for example said “Nobody who works 40 hours a week should be living in poverty, a job should lift workers out of poverty, not keep them in it.” - Bernie Sanders
I strongly believe that we should raise minimum wage to $20, which would lift millions out of poverty.
The average person working at minimum wage will only make about $10,700 in a year. After other expenses like rent, groceries, bills and gas, it is almost impossible to keep a family afloat. If a person were to work for 40 hours a week at $7.25 an hour they would make about $290 a week. After that we would have to subtract about $35.06 for taxes and about $176.48 for living expenses which leaves us with a grand total of $78.46. If this were to be split equally then it gives the average person about 11 dollars to spend a day. The 78 dollars also has to cover all …show more content…
For example, in both San Jose and San Francisco, jobs in the restaurant industry grew faster after the minimum wage was increased than they did in surrounding cities and counties that did not increase wages. Also Seattle, began pushing its $15 minimum wage which is expected to April 2015, initial signs are positive. The Seattle region’s unemployment rate hit an all time low of about 3.6 percent. The support for increasing minimum wage is strong. In a study conducted by the SBM in 2014 two thirds of small business owners in New York support minimum wage. Research also finds that raising the minimum wage boosts incomes for low-paid workers without reducing overall employment or job growth to any significant