The Minimum Wage Should Not Reduce Poverty

1214 WordsNov 25, 20155 Pages
Millions of Americans live in poverty, unable to find high paying jobs to support themselves and their families. Common belief persists that paying a higher minimum wage would aid in lifting people out of poverty by giving those with low paying jobs a higher income, however the evidence suggests otherwise. As the 2016 race for the White House heats up, the minimum wage battle stands at the forefront of every economic discussion. The rhetoric between candidates within and across party lines intensifies by the day. While the debate over whether or not to raise the federal minimum wage from $7.25/hour to $15/hour rages on, one side continues to stand out from the other. In order to protect our workforce and the economy of our nation, the minimum wage cannot increase to $15/hour. This would have a detrimental effect on the workforce by jeopardizing jobs through unintentional consequences such as job loss and the creation of fewer jobs. and restrict people from escaping the grasp of poverty. In order to successfully reduce poverty through economics one must also understand who utilizes the minimum wage, and successful available alternatives to raising wages. The seemingly logical idea to raise the minimum wage as a method to increase income in impoverished households seems superb in theory, however in reality this idea harms the exact demographic that it intends to assist. The theory claims that paying higher wages would allow workers to earn more money and raise above the

More about The Minimum Wage Should Not Reduce Poverty

Open Document