About the Minimum wage Debate
You ought to note that a report that was released by researchers from the Bureau Of Labor Statistics, over 80 million Americans were found to be minimum income personnel check out this website. This shows that over half of the workers are being paid a minimum wage. It is essential to note that this piece of data, and many other disturbing details, have generated a major debate among numerous people in the country find more info here. There have been questions about increasing the minimum wage. The other major concern is that if there will be any effect in the nation’s money if the wages are raised. Be advised that the debate is complicated because of politics and other factors.
Bear in mind that very many people don’t even know how the discussion took shape check it out. It is crucial to keep in mind that the minimum salary was made known to people in 1938 and it was part of the Fair Labor Standards Act. Note that in those days, employers were required to pay their workers a minimum of $0.25 per hour, which is $4.28 today read more now. As hard as it is to accept as true, that was enough money for an individual to manage to pay for a humble living in those days check it out!. Remember that times do change, and the needs of minimum wage workers have also been changing visit this homepage. You ought to note that nowadays people are being paid seven point two five dollars per hour. A lot of people think that it is time to change the laws that were put in place eighty years ago.
It is essential to note that life has become tough because of the high rates in the past few years. You ought to note that a huge percentage of people in the USA cannot raise $1000 dollars. Keep in mind that housing prices, the need for insurance and medical costs, is proof that a lot of people are struggling with life visit this website to learn more. The saddest part is that a lot of people cannot even afford some food because they depend on the minimum wage so that they can be able to pay the bills. It is essential to note that a lot of waiters and waitresses earn two dollars per hour and that is including the tips they are given by clients click for more. To make a long story short, that money is not enough to live on, even if you work 24 hours a day, seven days a week.
It is crucial to keep in mind that increasing the minimum wage is not a big deal but there are some issues. One thing is that most businesses will have to fire a big number of their workers. Remember that very many items will become costly view here for more.
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