Sunday, May 8, 2011

Issue #2- Boosting the Minimum

The current issue I'm going to blog on is minimum wage. People have been arguing about raising minimum wage for quite some time now. Some think it will help the poverty in our country while others think it won't. People who work for minimum wage have EITC or Earned Income Tax Credit which reduces the amount in taxes they have to pay. There's also something called Medicaid that helps people who have a low income. It gives Americans with this low income free or reduced health care. The people who support raising minimum wage think that by doing so, many Americans will live better lives. Also, by raising the wage, our economy will slowly become better. Others believe that raising minimum wage is not an option because most people working for minimum wage are teenagers. They believe that in raising it, the difference in the poverty level won't be all that helpful. They also think it will lead to higher prices and job cuts. Some have opinions about expanding the EITC instead.

I respect both sides of this issue and I can see why there has been such a big debate because of this over the years, but I think minimum wage should not be raised. I don't think raising minimum wage from $5.15 to $7.25 really will change the poverty level too much. Only a small portion of the work force would actually be affected by this change and I think our economy is in too bad of shape to be raising pay of individuals. If the EITC was expanded then the low-income workers would get more benefits without affecting the market.

 Issue #1- All Things Being Unequal
http://katieb123456.blogspot.com/2011/05/all-things-being-unequal.html

Issue #3- Putting Welfare to Work
http://leah-bloggityblog.blogspot.com/2011/05/putting-welfare-to-work.html
Jim Saxton is someone who has the same opinion as I do on raising minimum wage.
 




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