The Benefits of Raising the Federal Minimum Wage

Imagine: You are the single parent of two children, you work overtime 40 hours a week and overtime to occasionally add the minimum wage, it puts food on the table to feed your family It is difficult that the house was seized. Thousands of Americans face this situation each year due to low income and wealth inequality. The federal minimum wage (FMW) as of April 2014 was 7.25 dollars. This was not enough to keep the two families above the poverty line.

35% of African-American workers will benefit by raising the federal minimum wage to 12 dollars. Donald Trump considers wages to be "too expensive" and proposes to completely abolish the federal minimum wage, but the Democratic Party is working hard to raise wages. At the same time, the playing card will try to pass his tax plan which could bring huge tax cuts to his family and add $ trillion dollars to the deficit. This could jeopardize the provision of funding for programs that would benefit millions of black Americans, such as housing support and pre-emptive strikes. I can not afford to buy it

The long-standing debate overturned in the United States is the federal minimum wage. Do you need a national minimum wage standard? Should I raise the current federal minimum wage? What is the advantage of minimum wage for part-time and full-time workers? What is the result of the rise in the minimum wage of employers, employees and the labor market? Does it affect racial equality and gender equality? Can people live with these wages? As long as the people's minimum wage already exists when it was first incorporated into the law in 1938, these problems will be restored on the political stage, the stage of debate, and the social media platform.

For a while, the national debate focused on raising the federal minimum wage. The current minimum wage is $ 7.25. President Obama insists on gradually raising the minimum wage up to about $ 10 hourly wage. Recently, the Congressional Budget Bureau reported that there are several advantages to both discussion, due to the benefits and disadvantages of raising the minimum wage. The Congressional Budget Bureau says that the main benefit of raising the minimum wage is to raise the wage up to approximately $ 10.10 per hour of hourly wage and that it can release as much as 900,000 people from poverty. These figures come from the poverty rate of the current low wage workers in particular. By raising the minimum wage near 3 dollars per hour, these workers can better support themselves and their families.