Why Should Minimum Wage be Raised or Why Not?

546 WordsFeb 17, 20182 Pages
Raising minimum wages is a contestable issue because it is debated in wide and varied audiences. Minimum wage is near the top of economists’ interest; they are looking for the connection between low wages and poor job markets. Each country sets its own laws and regulations regarding wages. For this reason, it has significant importance to policy makers and workers in each of those respective countries. Social activists have also found interest in the topic due to the fact that those who earn a minimum wage tend to come from poor minority families. Furthermore, the average American should have the strongest interest in the conversation because most citizens have been paid a minimum wage at some point in their life. Due to this fact, the idea of a significant federal minimum wage increase in America is open for debate specifically to rejuvenate the job industry, improve living conditions for citizens, and strengthen the economy as a whole. Minimum wage is currently the standard for the lowest wage a worker can earn that is acceptable within the American society. The earliest debates began in 1938 when President Roosevelt signed the Fair Labor Standards Act that promoted “a minimum standard of living necessary for health, efficiency, and general well-being, without substantially curtailing employment” (“The Renewed Debate”); it was embraced by workers but opposed by upper level businessmen claiming it would hurt the economy. The debates have continued through the years with a

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