This relationship between unemployment and minimum wage increases is complex, can produce negative as well as positive effects on the economy of the region. Well for starters, mother use to hit me and my younger sister, almost on a daily basis College Essay 1 The economy is in a spiraling downfall, which continues everyday. This makes it hard for students like me, to be able to afford their continuing education.
Please join StudyMode to read the full document. One of the most commonly asked questions in our society is whether or not the government should raise the minimum wage. While raising the minimum wage would not only lift individuals out of poverty, but it would also put our economy in danger. Raising minimum wage in the United States will affect our economy because of the high rates caused by inflation. Many people are constantly complaining about the low pay they receive in their checks by the end of the week.
When initially established in minimum wage was set to be equivalent to half of the salary of an average factory worker, or in other terms, enough to keep a family of three above the poverty line Becker. However in their current state, these wages have fallen well below the one half marker. This article talks about the promised plan to raise the minimum wage.
The Minimum Wage is a great thing. It prevents Employers from ripping their employees off and underpaying them. The only problem with the current minimum wage is it doesn 't keep up with inflation and brings the full time salary in below the poverty line for minimum wage workers and almost forces a family to need government aid just to put food on the table and to have health care. There needs to be a change.