Unit 2 Essay 2.1 - Raising the Minimum Wage 1 Raising the...

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Raising the Minimum Wage 1 Raising the Minimum Wage Terry Mitchell ITT Tech
Raising the Minimum Wage One of the biggest controversies in the United States political system today, is the argument of raising or decreasing minimum wage. The common dispute gets brought up every few years, and there never seems to be a clear winner. Raising the minimum wage in general would change a lot, especially with a drastic increase such as to $15 an hour. Raising the minimum wage in the United States could potentially help decrease poverty and boost the economy greatly but also cause problems with unemployment and competition of low wage jobs. It all started in 1938 when minimum wage was first established, and then increased a few years later (Minimum Wage Mythbusters). Starting at just 25 cents, every few years a little bit more money was added to keep up with inflation (Wage and Hour Division (WHD) ). The minimum wage in 1980 was $3.10 (Wage and Hour Division (WHD) ). With the calculated inflation, in 2014, $3.10 would equal $8.96. This is almost a $1.25 more than the current minimum wage. So, although $7.25 might sound good to some people nowadays, low wage workers were technically being paid more in 1980 to do the same types of jobs. The largest jump it ever took was a 70 cent increase. This has happened on three separate and also the three most recent occasions. With the proposed minimum wage of $10.10, this would mean an increase of $2.85, beating the record by more than 4 times (Ohlemacher; Wage and Hour Division (WHD) ).

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