The Minimum Wage : Raise It Or Keep It? Essay

734 Words Sep 20th, 2016 3 Pages
The Minimum Wage: Raise it or Keep it? The minimum wage has been a hot topic discussion item in this country for many years. It was an even more pressing issue during the stock market crash and the eventual re-build of our economy. It seems both sides of the aisle have their own opinion on the matter, and nobody is really budging on making a compromise. What needs to happen is a bi-partisan agreement on wages that supports workers and their families, but what businesses can afford. Raising the minimum wage to $9 per hour, or even a little more, is necessary to create growth in our economy and decrease overall unemployment. Opponents to raising the minimum wage have very strong opinions why we shouldn’t do it. The author arguing against a raise, “A better approach would be to simply start adjusting the minimum wage for inflation…(Raising minimum wage by 24%? Not now: Our view 2013). The reason this wouldn’t work out is that because we currently our living in a period of low inflation, that raise in minimum wage would only be to $7.76 per hour (Raising minimum wage by 24%? Not now: Our view 2013). What the author of this article doesn’t expand on is the cost of living in some markets. Hypothetically, somebody making $7.76 per hour in the middle of nowhere in North Dakota might be able to make ends meet, but somebody like myself that lives in the city of Philadelphia, where taxes are high, and the rent on a single bedroom apartment in good neighborhoods is exorbitant, that…

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