Minimum Wage Has Caused The Greatest Concern

This wage was only twenty-five cents which was implemented to give all workers of that time fair working standards. Since then the national amount of minimum wage has increased, the latest increase being from $5.15 to the current $7.25 back in the summer of 2009. These changes in wages were made to adjust wages according to the amount of inflation issues of that particular time. When there is inflation prices of goods increase while wages stay the same, therefore, making it harder for a person living on minimum wage to afford the minor goods they need to survive. However, the primary reason for minimum wage is that since it serves as a wage floor there is leeway to create more economic growth and reduce the poverty level here in the United States. Now after raising the minimum wage to $7.25 six years ago, there has been a great deal of inflation between then and now that has pushed the issue of raising it once again. This particular issue has led to a serious debate that has divided economists into a 50/50 on going disagreement. Since there are already so many problems with the current minimum wage and even more problems that can occur if it was to be increased economist have taken many different aspects into consideration. About half of the economist studying this issue believe that while increasing the minimum wage can be beneficial, the current $7.25 minimum wage should not be increased due to the reasons