Minimum Wage Debate

Tim Kowis, Nikki Bearden, and Emma Leach

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Yes, minimum wage should be increased because most Americans cannot live off of $7.25 an hour (the minimum wage). People living off of the minimum wage would not be able to go to college. An average American works 34 hours a week so their pay would equal to $246.50 a week, which is 12,818 a year. Most people spend an average of $57,800 a year. Minimum wage makes it very difficult to live off of the $57,800 a year after all living expenses, and taxes. Raising the minimum wage means minimum wage workers would have more money to spend which means more money spent throughout the economy as minimum wage employees are able to spend more. Also minimum wage can help to increase jobs because if these minimum wage employees are spending more, then businesses are earning more and need to hire more employees to keep up with the increased sales from the minimum wage employees who are buying more.

No, minimum wage should not be increased. Minimum wage workers usually don’t support themselves so their families support them meaning that they don’t usually pay taxes. An example of such person is the typical waiter who works a four hour shift usually get $60-$80 in tips, making 1,725.83 per month, which adds up to $20,709.96 a year plus 720 a year.  But if the minimum wage increases, then there will be a price increase. Employers might raise prices of their product in order to generate enough income to support their more highly paid minimum wage employees, which could ultimately create a ripple effect for other shops and industries, resulting in a slightly higher cost of living, which will cause another push to raise minimum wage again.

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