Topic > Minimum Wage - 1403

"Americans overwhelmingly agree that no one working full time should ever have to raise a family in poverty... so join the rest of the country. Say yes. Give a rise to America" ​​(President Barack Obama 2014). This quote describes that no human being who works hard at their job should ever be poor. This idea, among many, was part of President Barack Obama's 2014 State of the Union address, which promoted and sought a year of change for all American citizens. As a citizen of the United States, you are familiar with economic hardship and rising unemployment rates. It is necessary to put an end to these inclinations, especially towards the poor and those who acquire a higher level of education through university. This is why I agree with President Obama on raising the minimum wage to $10.10 an hour. Raising the minimum wage slightly from $8.25 to $10.10 (an increase of only $1.85) will have a huge impact on Americans today and those of the future. Raising the minimum wage to $10.10 an hour will help millions of researchers, they say, through the economic value of food prices, small business unemployment rates, college students facing college debt, and poor people living in a state of poverty. small businesses and the unemployment rate go hand in hand especially for the owners themselves when they decide to hire or fire their employees. Many economists believe that raising the minimum wage will slightly reduce the unemployment rate, which is a big problem here in America. One researcher, Paul Krugman, a Keynesian economist, states: "There is no evidence that raising the minimum wage... would reduce employment. And that's actually the concrete result, because many studies have been done." . Krugman displa... center of paper... Bama said in his 2014 State of the Union Address: 2014 is a year that promotes change. Additionally, the new minimum wage would allow poor people to get jobs earning more money to provide financially for their families. Small businesses will not have to let anyone go because, in the long run, financial hardship will become obsolete and businesses will earn more money without losing. All in all, raising the minimum wage to $10.10 has many positive benefits, including supporting unemployment rates, raising food prices by pennies to help the economy, and financial benefits for students who seek higher education in universities. The next step is to wait for the end of the process as the new bill has already been approved with 87 votes by the House of Representatives. In America, it is critical that no one lives in poverty or does not receive the higher education they dream of.