Essay on Should Minimum Wage Be Raised Or Not?

826 Words Jul 9th, 2015 4 Pages
The debate in America on whether minimum wage should be raised or not is a complicated one. On one side of the debate is the argument that if the U.S. raises the wage we will cause a large number of workers to become unemployed due to companies needing to offset the cost by laying other workers off. On the other side of the debate proponents of an increase maintain that by raising it we will open doors for a better economy. The authors of “A New Gilded Age” examine why the U.S should raise the minimum wage (A new Gilded Age, 2009) and offer some valid arguments to support their points.
The editorial, “A New Gilded Age” suggests that now is the perfect time for an increase in minimum wage in the United States. The authors argue that the Fair Labor Standard Act was signed into law for a reason and that we are no closer to achieving that goal then we were when it was signed. They contest that the while the economy is getting better, profits are only going to those at the top of the pay scales and the workers have yet to see any of the gains. They also argue that contrary to the belief that if a wage increase went into effect the economy would suffer, none of the studies run to try and prove that statement are conclusive. (A new Gilded Age, 2009)
More than 75 years ago President Franklin D. Roosevelt introduced the Fair Labor Standards Act. He fought hard to have the minimum wage set at a wage that would insure that “all our able-bodied working men and women [earn] a fair…

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