Raising The Minimum Wage: Reduce Poverty or Not?
As the economy in the United States gets worse and worse everyday more families are falling deeper into poverty. With more families not being able to live adequately in today’s society, (such as paying their bills and still having money leftover for other necessities), the question of every state raising their minimum wage to a living standard keeps coming up. But will raising the minimum wage reduce poverty or put more citizens out of jobs? Over the past few years, The United States keeps raising its minimum wage while the value of money keeps declining. Facts have shown that every time the federal government raises the minimum wage, more people lose their jobs. The people of America have yet …show more content…
The truths, then again, demonstrate something else. Sherk says, “that most minimum-wage jobs are held by young people who are not from poor households, and therefore hiking wages will do little for low-income workers who usually do not possess full-time employment” (Sherk). There are three principal reasons why a higher minimum wage won't diminish neediness “First, the only workers who benefit from a higher minimum wage are those who actually earn that higher wage. Second, few minimum wage earners actually come from poor households. Third, majority of poor Americans do not work at all, for any wage, so raising the minimum wage does not help them” (Sherk). This study specifically highlights everything that is off with raising the minimum wage and how it might be able to cut down our economy and society considerably more than in the recent past. Different explorers approached the circumstances in distinctive ways and arrived at the same result. The confirmation demonstrates that minimum wage raises the wages of some poor families, yet their net impact is to build the segment of families that are poor or close poor. So whether measured by the destitution rate or by the income of low-wage families, the minimum wage increase does not help poor people
As the economy in the United States gets worse and worse everyday more families are falling deeper into poverty. With more families not being able to live adequately in today’s society, (such as paying their bills and still having money leftover for other necessities), the question of every state raising their minimum wage to a living standard keeps coming up. But will raising the minimum wage reduce poverty or put more citizens out of jobs? Over the past few years, The United States keeps raising its minimum wage while the value of money keeps declining. Facts have shown that every time the federal government raises the minimum wage, more people lose their jobs. The people of America have yet …show more content…
The truths, then again, demonstrate something else. Sherk says, “that most minimum-wage jobs are held by young people who are not from poor households, and therefore hiking wages will do little for low-income workers who usually do not possess full-time employment” (Sherk). There are three principal reasons why a higher minimum wage won't diminish neediness “First, the only workers who benefit from a higher minimum wage are those who actually earn that higher wage. Second, few minimum wage earners actually come from poor households. Third, majority of poor Americans do not work at all, for any wage, so raising the minimum wage does not help them” (Sherk). This study specifically highlights everything that is off with raising the minimum wage and how it might be able to cut down our economy and society considerably more than in the recent past. Different explorers approached the circumstances in distinctive ways and arrived at the same result. The confirmation demonstrates that minimum wage raises the wages of some poor families, yet their net impact is to build the segment of families that are poor or close poor. So whether measured by the destitution rate or by the income of low-wage families, the minimum wage increase does not help poor people