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Essay / Persuasive Essay on Minimum Wage Laws - 1104
It's not about the nation's rich, but the majority of people who face working on a minimum wage. The rich, in a sense, have commandeered the economic system by continuing to overproduce with as few resources as possible to include employees (Robust US). Additionally, the wages of the average American have been driving productivity growth. Although the minimum wage has stagnated in recent years, the cost of living has increased. This led to an increase in the debt of family households (Auerback). Before thinking about reforming the economy, we must set the basis for standard wages. For example, increasingly, the working poor take out loans to help them survive financially, but are owed more, families continue to need welfare to meet their needs, leading people to have several jobs. This cycle continues to develop, preventing the poor from becoming debt free. If wages increase, families will be able to afford a sufficient standard of living and not worsen the national deficit. Over time, social classes become stratified, allowing the working poor to exist in