Sunday, March 2, 2014

Should the Government Raise Federal Minimum Wage


According to A Political Thoughtsfrom a Mom Just Taking it One Day at a Time, Jen argues that raising the federal minimum wage would be a mistake because it would raise the cost of living and reduce the number of jobs made available. I would have to disagree with her on this point. Jen states the majority of those who earn a minimum wage are by younger adults (16-24). But it is important to realize that the standard cost of living is rising each year, especially in the education sector.  During the ages of 16-24, many young adults are either in high school or college. Many people forget to factor in how expensive school can be. According to the United States Department of Labor, the last time the federal government has raised the minimum wage was on July 24, 2009. Let’s compare the cost of education from 2009 to now. According to the National Center of Education Statistics, a four-year degree in 2009 cost $20,409. In 2011, three years ago, a four-year degree cost $22,092. As the cost of Education goes up, why doesn’t the federal minimum wage go up as well? According to the Bureau of Labor Statistics, in October 2012, 69.6% of high school graduates not enrolled in college were more than likely working or looking for work. Education is expensive and many people cannot afford it. Many students depend heavily on grants or financial aid to go to school and working at the same time. Raising the minimum wage will help many students with their standard living as a student while attending school.

No comments:

Post a Comment