Most minimum-wage workers support their family on this income – and 28 percent of these individuals have children. Half of minimum-wage workers are 25 years old or older.
Not only has a higher minimum wage worked in cities across the United States, but a 2006 study by the Center for American Progress and Policy Matters compared small business performances and found that the small businesses who paid the higher wages were more profitable. Raising the minimum wage will hurt small business. Following that procedure, unemployment decreased 17.46 percent – falling from a previous 6.3 percent to 5.2 percent. On J, Seattle changed the city's minimum wage to $15 dollars. "Nobody living in one of the most influential nations in the world should be worried about making ends meet." Better pay leads people to spend more money, and the cycle repeats. In a March 2011 report, the Center for Economic and Policy Research concluded that raising the minimum wage would not only help workers but actually have the possibility of increasing job openings. Here are some myths that I would like to present and debunk:
Try and see how $30,160 would cover all those expenses in a year – it doesn't. Now, let's take into account rent, food, gas, utilities, car insurance, health insurance, school supplies, clothes, and tuition. That's only $7,846 above the poverty line. What about combined income from two minimum-wage workers? Wouldn't that put them above the poverty line? In a nuclear family with two working parents and two children, their combined yearly wage would be about $30,160.
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