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Should The Government Increase The Minimum Wage Reduce Poverty?

Decent Essays
A large share of the higher income from minimum wages flows to higher-income families (David Neumark). “Other policies, that directly address low family income, such as the earned income tax credit, effective at reducing poverty” (David Neumark). Although people may think that increasing wages won’t do anything, they're wrong. The government should increase the minimum wage to reduce poverty, it helps hard working parents, children's education and unemployed insurance.
Although people may think that it doesn’t help poverty, there are more people in poverty that you know. When you add in all work based tax credits, nearly 70% of income for low-income Americans is work related. The wages of American workers have been a stagnant since the 60’s.
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Setting a higher minimum wage is an natural way to lift families out of poverty in 2015 (David Neumark). “Raising the minimum wage has become a popular proposal to combat rising inequality and persistent poverty in the United States” (David Neumark). All people should be involved with reducing poverty. Also, when the economy decreases minimum wage decreases, which is bad for people who are living in poverty. However, minimum wage targets individual workers with low wages, rather than families with low incomes (David Neumark). “The federal minimum wage of $7.25 and working full time earns about $14,500 a year, well below the U.S. poverty threshold of $19,073 for a family in size” (David Neumark). People with low income should get help because they need it the most and all people should be treated fairly. Most families come from the ages of 18-64. In 2015, the relationship between low wage and low income is the same thing (David Neumark). “Fifty-seven percent of poor families with houses between the ages 18-64 have no workers” (CPS). The relationship of being a low wage worker and a low income family is fairly weak. Not only do people not care people who are in poverty there not even…show more content…
The national minimum wage is vital to offset such a terrible labor market. The government should minimum wage to reduce poverty to help children's education, unemployed insurance, and hard-working parents (Elise Gould). 3 is the number of times Congress passed legislation to increase the minimum wage in the past 30 years. If the government increases wage it will benefit people who are in poverty or who are in the lower class.
The economists tend to think that raising the minimum wage would reduce poverty (Mike Konczal). “One funny part of watching journalist cover the minimum wage debate is that they often have to try and refer cutting edge economic debates” (Mike Konczal) In 2014, the economists agree that raising the minimum wage reduces poverty. The government should reduce poverty to help hard-working parents, unemployed insurance and children’s education.
Although people may think that the economy doesn’t affect poverty, but it’s proven by economists. In 2014, some studies, notably led by Amos economists Erin Duke, argue that there are no adverse employed effects from small increases in the minimum wage. “Raising the minimum wage 10 percent would reduce the number of people living in poverty by 2.4 percent. When you try to raise the minimum wage by a percentage poverty gets affected by it tremendously” (MIke
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