The Pros And Cons Of Raising The Minimum Wage - 993 Words

Although it is not a new topic in America, the decision to raise the minimum wage continues to be controversial, especially in the political realm. The political parties still move to block the opposing party from successfully implanting their ideals, causing either nothing to be accomplished or the situation to worsen. Research shows that raising the minimum wage a reasonable amount would lessen the gap between the rich and the poor, continue to fulfill its original purpose of protecting workers and keeping the economy in a healthy state, and contain more advantages with a minute influence on employment rates. The increasing gap between the upper and lower classes has been a concern for years but is now receiving more attention because†¦show more content†¦By raising the minimum wage even a few dollars would help lessen the gap and hinder its augmenting trend, according to both Hanauer and the Editorial Board. When the minimum wage was originally implicated, it had an exac t purpose: to protect the workers, assuring that the economy would operate well. â€Å"The minimum wage is a fundamental labor standard designed to protect workers, just as child labor laws and overtime pay rules do,† explains the Editorial Board. â€Å"Properly set and enforced, these standards check exploitation, pollution and speculation,† so that low wage workers are protected from those who would attempt to take advantage of them (the Editorial Board). However, the minimum wage cannot effectuate its purpose when it is too low. By looking at how the increase of labor production from the previous few decades compares to the relative stagnancy of the minimum wage, it is clear that the distance between the two is constantly augmenting. As reported by Rex Huppke, a columnist for the Chicago Tribune, the â€Å"current federal minimum wage, which hasn’t been raised since 2009, seems unreasonably low† (148). He expresses concern for those who live in povert y but still recognizes the complexity of the issue. Hal Hodson, the technology correspondent for the Economist, describes how government opportunitiesShow MoreRelatedPros And Cons Of Raising The Minimum Wage1908 Words   |  8 PagesTai K. Lamar Jennifer Chicosky ENG-111-IN1 07/21/17 Raising the Minimum Wage from $7.25 Can you live off $7.25 an hour? Would you be able to pay all your bills, and have plenty of money left over for food, as well as personal pleasures? Imagine your salary was cut down to a forty-hour work week at the minimum wage salary in your state. Can you save money while on a minimum wage hourly salary? These same questions are on the minds of many Americans that are currently facing these struggles every timeRead MorePros and Cons of Raising a Minimum Wage Essay1126 Words   |  5 PagesMinimum Wage A minimum wage is the lowest hourly wage that employers have to compensate the workers for their service. 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