Monday, December 9, 2013

I am for raising the minimum wage. According to the Time for a Raise "3.8 million workers were paid at or below the federal minimum wage of $7.25 in 2011. Since minimum wage, in many cases, does not cover basic necessities of life."(Time For a Raise). My family falls into this category. With minimum wage we live pay check to pay check and that sometimes isn't enough. "An employee working a 40-hour week at the federal minimum wage would earn $15,080 per year. This income would leave a two-person household -- say, a single parent with one child -- just below the federal poverty threshold of $15,130." ( Increasing the Minimum Wage: Pros & Cons). Its been four years since it was last increased, which raising the minimum wage would according to The White House Blog, " its a boost to their income that both helps them make ends meet and increases spending in the broader economy." (The White House Blog). Also its believed according to Increasing the Minimum Wage: Pros & Cons, "such a move would act as economic stimulus. When low-income households earn more money, they are likely to spend it, pouring more dollars into the economy" (Increasing the Minimum Wage: Pros & Cons). "This increased purchasing power across the board helps stimulate the economy and benefits small businesses, many of which were hardest hit by the recession." (Time for a Raise). This is why I believe it is time for  a raise in minimum wage.





http://www.whitehouse.gov/blog/2013/07/24/raising-minimum-wage-good-economy

http://www.salary.com/increasing-the-minimum-wage-pros-cons/

http://www.timeforaraise.org/benefits-of-raising-the-minimum-wage/

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