Persuasive Essay On Minimum Wage

976 Words4 Pages
One of the greatest challenges minimum wage workers are having today is being able to life off of it. Having a family to look after while earning minimum wage is very hard. Jon Corzine (n.d.), an American financial executive and former politician said “No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty”. Another problem is owning a car while earning minimum wage. This is a problem because it costs a lot of money to maintain a car so you can keep using it. Also, gas prices have gone up which means paying more to use your car and, according to Bill Pascrell (n.d.), “Today a minimum wage earner has to work a day and a half just to pay for a tank of gas. That is simply shameful”. Another thing we should look at is the impact of the economy after minimum wage increase. According to FAO, the total labour income will be increased by 1.3 per cent by 2019, but only one-quarter of the labour income will help low-income families. Also, it will increase payroll cost for Ontario Businesses which will cause low income workers to lose their jobs (Financial Accountability Office of Ontario, 2017). Despite the fact that increasing that increasing minimum wage would force businesses to lay off employees and raise unemployment levels, minimum wage hike will have a positive outcome for low-income workers because increasing the minimum wage would reduce poverty, a higher minimum wage would reduce inequality and higher

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