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Minimum Wage Thesis

Decent Essays

As American political leader Benjamin Todd Jealous once stated, “No person can maximize the American Dream on the minimum wage” (“Brainy Quotes”). Imagine working a full-time job but not being able to make ends meet. For 4.6 million American workers working at the current minimum wage rate of $7.25 per hour, this is the case. The current rate of $7.25 was established over 4 years ago and has not grown with inflation over the same amount of time, meaning that they have less buying power today than they did over 4 years ago. The proposed federal minimum wage increase by almost 40 percent to $10.10 per hour will enable families to pay for life’s daily essentials such as food, housing, utilities, and transportation to school and work. Nevertheless, …show more content…

A serious problem in the class system is the lack of support for the lower class and the women in today’s society. Women are the most effected by a low minimum wage. Dan Malloy approaches the idea that the economy is in a stronger economic position with women playing a crucial role in development (Shumlin & Malloy). “Women create 2/3 of workers affected by minimum wage. These women make around $14,500 a year” (Shumlin & Malloy).Women are essential to supporting a new generation and therefore need a larger salary to provide and care for their children. Furthermore, expert economist James Galbraith says “Working families would have more time for community life, including politics; Americans would start to reclaim the middle-class political organization that they once had” (Aurbeck). Galbraith believes that the lower class will make a major impact on politics and society when they are given a larger role to participate in. The most significant part that will result from an increased minimum wage will be a major transformation in the way the lower class lives. As of right now “The Walmart heirs alone have more wealth than the bottom 40% of Americans combined” (Reich). The lack of currency that is generated from the lower class is a major problem that is being faced throughout the country. The lower class will be able to afford luxuries and pay for expenses and housing. By improving the life of the lower class you are improving the life of millions of Americans. Another beneficiary of an increased minimum wage would be teenagers who are the budding youth of the future. A higher wage would come along with the responsibility of having more currency and the ability to invest in growth. Another benefit of more cash for teenagers is that it will make a difference in the education a student is able to get. Teenagers will have more responsibility and the ability to change their future. The many beneficiaries

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