Does Minimum Wage Cover the Cost of Survival?
- Franklin D. Roosevelt
By living wages, I mean more than a bare substance level - I mean the wages of a decent living
Earn minimum wage or less
Adult 20 or older that earn minimum wage
Average minimum wage in The U.S
Minimum wage does not cover the cost of survival
Minimum wage does not cover the cost of
Minimum wage causes Poverty
Annual minimum wage pay check is just $15,080
People can not afford to purchase houses and important goods
Families are most likely to be affected as they have a higher living budget
Minimum wage will not decrease poverty
Minimum wage will affect employment rates
Minimum wage will affect prices of goods
So What Conclusion
The minimum wage should be increased
Raising the minimum wage to $10.10 would bring 900,000 Americans out of poverty
A family of four will be beyond poverty line of $23,850
Hellwig, B. (2018). Can a Family Survive on the U.S. Minimum Wage?. Retrieved from https://www.investopedia.com/articles/personal-finance/022615/can-family-survive-us-minimum-wage.asp
Kendall, D. (2015). Sociology in Our Times: The Essentials (10th ed., p. 212). Cengage Learning.
Pollin, R., Brenner, M., & Luce, S. (2018). A Measure of Fairness: The Economics of Living Wages and Minimum Wages in the United States (p. 35). Cornell University Pres.
Van Buren, P. (2017). You Can't Earn a Living on the Minimum Wage. Retrieved from https://www.huffpost.com/entry/you-cant-earn-a-living-on-minimum-wage_b_9242970Worstall, T. (2015).
The 7 Most Dangerous Myths about A $15 Minimum Wage. Retrieved from https://www.forbes.com/sites/timworstall/2015/08/04/the-7-most-dangerous-myths-about-a-15-minimum-wage/