The Issues Of Living Off Of Minimum Wage In America

ISSUES OF LIVING OFF MINIMUM WAGE IN AMERICAA borderline can be described as the lowest pass judgment per hour , day or month that employees can beliefualise from their employers within every given legal context . This concept arose in the late 19th C in naked Zealand and Australia and at present day , it is in full instruction execution in more that 90 of the world s countries . The main subject behind the tokenish take concept is primarily an estimable issue . The ultimate aim is reducing exploitation by employers and thus , ensures that all workers are in a touch to afford basic amenities housing , medical boot and a good education . In the United States , capital of the United States has the highest minimum wage rate turn Kansas has the lowest rateEvery duration there is an economic recession in both prudence , the hardest hit persons are the low wage workers . The scenario is not any different in the United States . This always results in higher(prenominal) poverty levels while the big shot corporations and individuals enjoy impose cuts and record mind boggling profits . Back in 2004 , collective profits grew by sixty two percentage while it was sad to not that the wages declined by 0 .6 percent (Almanac of Policy Issues , 2004 . The minimum wage worker also confront further blows as the prices still grew while their incomes remained the same , content that they had to get by with a smaller consumption field goal This makes the achievement of the all time American dream a seemingly distant illusion for many . Ironically , it is this division that makes up the largest segment of the American economy . For example , health care costs are soaring at rather affright rate and consequently , well over forty quadruple million Americans are without health insurance .

This number enlarges with from each one passing day (Almanac of Policy Issues , 2004According to the Economic Policy get (2007 , the ontogeny in the minimum wage rate would principal to the increase of the wages of 13 .0 million workers , who make up for 10 of the entire US work stick . This is so if the minimum wage rate was raised from 5 .15 to 7 .25 by May of 2009 . As at the time of the compilation of this makeup , 5 .6 million workers , translating to 4 of the entire work force , earned less than 7 .25 and would be greatly benefited by an increase . Another 7 .4 million workers , a 6 of the workforce would also benefit from this increase as a result of the spill over effects of the increaseThe supporters of minimum wage insist that it has more advantages than otherwise . They say that an increase in the minimum wage rate not only benefits the works families but also benefits the disadvantaged work groups . In any minimum wager ate increment , women are the biggest beneficiaries , with 59 of the individuals who would benefit for m a wage rate increase being women with 12 of working women also benefiting form this increase (Economic Policy Institute , 2007 . Economic Policy Institute also...If you wish to get a full essay, order it on our website: Orderessay

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