Dear Raja. The minimum wage must be raised because it get’s people out of poverty and the economy will boost because if they have more money there will be more purchasing power.
Minimum wage gets people out of poverty. The congressional budget office estimated that raising the federal minimum wage to $10.10 an hour from $7.25 would lift 900000 people out of poverty. This proves that they get people out of poverty because they will be able to live a normal life with enough money. If the federal minimum wage were raised to $10.10 per hour, as Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.) have proposed (depicted by the dotted line), it would bring a minimum-wage income back above the poverty line for a family of three(the minimum …show more content…
With the higher minimum wage, moreover, we’d end up paying less for medicine, food stamps and other assistance the Working Poor Now need in order to have a decent standard of living. This proves that with the higher minimum wage things will be less money. Taken in aggregate, the more people who are employed, and the more money they earn, the more discretionary funds they will have to spend throughout the economy(Ingram, David). This proves that the economy will boost.
Some argue that raising the minimum wage would shut down small businesses. However, such an argument is flawed because if the minimum wage is raised people would have more money to shop at these businesses. With the weight of evidence now showing that increases in the minimum wage have had little or no Negative effect On the employment Of minimum- wage workers(minimum wage Mythbusters).
Boosting the economy and getting people out of poverty are examples of how the minimum wage being raised is a good thing. By getting people out of poverty the government will save money. The economy will boost and people will be able to purchase things. The federal minimum wage must be
Minimum wage gets people out of poverty. The congressional budget office estimated that raising the federal minimum wage to $10.10 an hour from $7.25 would lift 900000 people out of poverty. This proves that they get people out of poverty because they will be able to live a normal life with enough money. If the federal minimum wage were raised to $10.10 per hour, as Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.) have proposed (depicted by the dotted line), it would bring a minimum-wage income back above the poverty line for a family of three(the minimum …show more content…
With the higher minimum wage, moreover, we’d end up paying less for medicine, food stamps and other assistance the Working Poor Now need in order to have a decent standard of living. This proves that with the higher minimum wage things will be less money. Taken in aggregate, the more people who are employed, and the more money they earn, the more discretionary funds they will have to spend throughout the economy(Ingram, David). This proves that the economy will boost.
Some argue that raising the minimum wage would shut down small businesses. However, such an argument is flawed because if the minimum wage is raised people would have more money to shop at these businesses. With the weight of evidence now showing that increases in the minimum wage have had little or no Negative effect On the employment Of minimum- wage workers(minimum wage Mythbusters).
Boosting the economy and getting people out of poverty are examples of how the minimum wage being raised is a good thing. By getting people out of poverty the government will save money. The economy will boost and people will be able to purchase things. The federal minimum wage must be