President Barack Obama once said, ”If you truly believe you could work full-time and support a family on less than 15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.” Imagine you are a worker earning the minimum wage every hour. You have a spouse and a young child. Do you think you could support them on less than 15,000 a year? Sadly though, millions of Americans are facing this situation. For instance, take Jose Castro’s case. He lives in Orlando with his children doing housework. He needs to earn money for medicine for his son while at the same time, his own physical health is deteriorating. He needs every single penny he earns for his son to be able to go to college. But sadly, he knows
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Even though it may be a small percentage, it is a large number of around 3 million people. A lot of these workers earn 15,000 dollars a year and sadly in some cases, they earn even less. I don’t know about you but supporting a family with just 15,000 dollars a year while having to pay taxes is a great way to live. Just kidding. Despite that, others would look on with arrogance and say that those workers did not have an adequate education to earn more than the minimum wage and karma is just coming back to those people. However, according to a 2014 BLS(US Bureau of Labor Statistics), 4 percent of those with a college degree and 2 percent of college graduates earn the federal wage. That proves that people with at least a decent education still earn the minimum wage or …show more content…
Studies have shown that if we raise the wage, it would inject a 22.1 billion net into the economy. Additionally, if we do raise the wage, it would be creating around 85,000 new jobs. Still, many people would argue that raising the wage would reduce job employment. However in 1994, a study conducted by economists compared two states’ minimum wage. That year, New Jersey raised their wage by 80 cents while Pennsylvania did not. The economists then compared the two states’ wage and found that no job reduction was made. Therefore, raising the wage would help the economy
Even though it may be a small percentage, it is a large number of around 3 million people. A lot of these workers earn 15,000 dollars a year and sadly in some cases, they earn even less. I don’t know about you but supporting a family with just 15,000 dollars a year while having to pay taxes is a great way to live. Just kidding. Despite that, others would look on with arrogance and say that those workers did not have an adequate education to earn more than the minimum wage and karma is just coming back to those people. However, according to a 2014 BLS(US Bureau of Labor Statistics), 4 percent of those with a college degree and 2 percent of college graduates earn the federal wage. That proves that people with at least a decent education still earn the minimum wage or …show more content…
Studies have shown that if we raise the wage, it would inject a 22.1 billion net into the economy. Additionally, if we do raise the wage, it would be creating around 85,000 new jobs. Still, many people would argue that raising the wage would reduce job employment. However in 1994, a study conducted by economists compared two states’ minimum wage. That year, New Jersey raised their wage by 80 cents while Pennsylvania did not. The economists then compared the two states’ wage and found that no job reduction was made. Therefore, raising the wage would help the economy