Minimum Wage : A State Of Economic Recovery

777 Words Apr 30th, 2015 4 Pages
Victoria Pentecost
Professor Xu
Macroeconomics 2301
20 April 2015
Minimum Wage in America
Twenty-Two years ago, President Clinton announced that his administration intended to seek an increase in federal minimum wage. The general consensus was really positive, and the public agreed that the increase was actually very overdue. However, many had reservations regarding how a raise in minimum wage would cause problems while the country was in a state of economic recovery. Both sides had political and economic merit, and an ongoing debate of the minimum wage continued into the next century. Today, the minimum wage has been pushed to the forefront of economic discussion again. To the average American, minimum wage could likely be how one makes or breaks their evening bread. As little as three years ago, approximately 4.7 percent of the American working population was earning minimum wage. By boosting pay in the low-wage jobs on which more families are relying than ever, a stronger minimum wage will help restore the consumer spending that powers our economy and that local businesses need in order to grow. A fair and tactical minimum wage is the key building block of sustainable economic system.
In the 1995 State of the Union, President Clinton proposed an increase in the federal minimum wage. In his weekly radio address on March 30, 1996, Clinton said, "it is hard to raise a family on $4.25 an hour. We must make sure that a minimum wage is a living wage .” But today, two…
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