The minimum wage should be raised now. The widening gap between economic classes greatly impacts the United States and many other countries, yet this issue is rarely discussed. Due to low wages in the past few decades, the middle class has significantly decreased in size. It has been eight years since the federal minimum wage was last raised. In fact, according to the article Why It’s the Perfect Time to Raise the Federal Minimum Wage, Chris Lu the former U.S. Deputy Secretary of Labor, argues that “there is no better time than now to raise the federal minimum wage. Three out of four Americans support an increase; the economy is healthy; and many employers are already raising wages.”As businesses have increased profits and CEOs earn higher wages, the minimum wage has not been advancing at the same rate. The United States no longer produces equal opportunities for every citizen. Americans stuck earning low wages have an immense financial burden, making it challenging to get ahead.
In contrast, some people believe the minimum wage should not be raised. For example, In the Forbes article A Case Against Minimum Wage, Gary Wolfram argues that “No one can stay in business if a worker can only produce $10 an hour of value but the government forces them to pay their workers $15 an hour. A pay raise may sound compassionate, but it is not a sustainable option.” In addition, he argues that the cost of producing goods will increase with a wage raise. Therefore, less people will buy the company’s products. I disagree with these arguments because I believe that Americans should be able to thrive financially for the work they are doing. It is unfair for them to be underpaid. In conclusion, I believe that minimum wage should be raised to help the middle class, the economy, and individuals stuck in poverty.
Should the minimum wage be raised? by Erica is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.