Facts Concerning 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. Remember that these details and many others have shocked many and they have become a debate all over the nation. A lot of people are asking if the wages will be increased. The other concern is if the salaries are increased is if the country’s finances will be affected. It is essential to note that this debate is not a simple one because of politics, experience and it is also complicated.
A lot of people wonder how this debate began. One thing that you should know is that the minimum wage was introduced eighty years ago. 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. It is essential to note that nowadays, a lot of states pay workers an average rate of $7.25 per hour. It is 80 years since the Fair Labor Standards Act was made law, and many people are starting to wonder if it is time to come up with new laws.
Note that the importance of workers’ wages cannot be exaggerated because the cost of living has gone up at a very high rate. You ought to note that a huge percentage of people in the USA cannot raise $1000 dollars. Note that life has become tough for most people because of insurance, medical bills and other things. 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. Most waiters in hotels and restaurants normally ear two dollars per hour including the tips. You ought to note that you cannot make ends meet with that type of money even if you work 24/7.
Remember that increasing the country’s minimum wage is not a major problem but there are some factors to consider read more now. One thing is that most businesses will have to fire a big number of their workers. Also, the prices of most commodities will go up.