Education plays a vital role in everyone’s life especially if one wishes to be successful then education is the told path towards successful future. The cost of education along with the cost of living is skyrocketing today. With the latest technologies at our disposal it is becoming hard to find a job as less and less people are required for labor nowadays and it will only get worse for most Americans. For most Americans it is becoming difficult day by day to survive on the minimum wage job and to support their families is unimaginable. The minimum wage in America should be increased because the earnings of minimum wage workers are crucial to their wellbeing and the cost of living has considerably increased. In today’s world because the cost
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Even though some people argue that a raise in minimum wage would cause a deficit to economy, loss of jobs, and some small businesses might be forced to shut down as they cannot afford to pay their employees, it is not entirely true. According to the United States Department of Labor a team of 600 economists, seven of them are Nobel Prize winners in economics, signed a letter that supports increasing the minimum wage from $7.25 to $10.10 by 2016. They argued that an increase in minimum wage will not cause any job loss or any small businesses to shut down. In fact it will provide a better spending power for poor families which in return would boost the economy. And even though this would not exactly change the lives of all poor families in America, it would at least help them pay their bills and provide good education for their children.
A raise in the minimum wage would also help prevent the huge gap between the rich and the poor. Nowadays poor families are getting poorer while rich families keep getting richer. Even though a lot of people work hard, day and night, they still cannot live a better life. An increase in the minimum wage would have a direct effect on this gap and more poor families would get a chance to enter the middle class structure. Even Barack Obama, President of the United States, while talking about raising the minimum wage
Even though some people argue that a raise in minimum wage would cause a deficit to economy, loss of jobs, and some small businesses might be forced to shut down as they cannot afford to pay their employees, it is not entirely true. According to the United States Department of Labor a team of 600 economists, seven of them are Nobel Prize winners in economics, signed a letter that supports increasing the minimum wage from $7.25 to $10.10 by 2016. They argued that an increase in minimum wage will not cause any job loss or any small businesses to shut down. In fact it will provide a better spending power for poor families which in return would boost the economy. And even though this would not exactly change the lives of all poor families in America, it would at least help them pay their bills and provide good education for their children.
A raise in the minimum wage would also help prevent the huge gap between the rich and the poor. Nowadays poor families are getting poorer while rich families keep getting richer. Even though a lot of people work hard, day and night, they still cannot live a better life. An increase in the minimum wage would have a direct effect on this gap and more poor families would get a chance to enter the middle class structure. Even Barack Obama, President of the United States, while talking about raising the minimum wage