Minimum Wage


The issue of minimum wage has been raised numerous times in arguments involving politics or economics, and for good reason. The political and societal issue of a liveable wage mixed with the economic issue raised by a sudden shift in the amount of minimum wage. A large shift from the federal amount of $7.25 to an amount as large as $15 would cause many things to change such as the cost of items, a larger amount of revenue directed towards wages, and and increase of wages all throughout the country. This not only could impact the already established wages of middle-class and upper-class citizens, it could have unexpected impacts throughout the world as rising prices in imported and exported goods, riding gas prices to keep up with added revenue demand, and even an increase in taxes as the added demand for revenue and the higher pay of the workers would require a tax reform. A more sustainable fix for the issue of liveable wages for low-skill workers would be a reform in other parts of their pay rather than a sudden raise in pay. What this means is giving better, more affordable insurance benefits, paid vacation and sick days, and allowing workers more benefits and opportunities as a whole as this would be much better in the long run for the economy and for the workers themselves.