America Must Increase the Minimum Wage :: Increase Minimum Wage Essays

Things like child c atomic number 18 and sick offer and equal pay. Things like lower mortgage premiums and a higher token(prenominal) rent. These ideas will make a meaningful difference in the lives of millions of families. That is a fact. And thats what all of us Republicans and Democrats alike were sent to Washington to do... -- President Obama, responsibility of the Union address In the United States Minimum mesh is come near record lows. Even with recent increases inflation is one of the main(prenominal) reasons that workers atomic number 18 being paid less for labor than they were back in the Seventies. on that point are about 3 million workers in the United States that worked proficient time year round last year and still knock off below the National poverty level. If everyone earns exactly the same amount of coin, thence the income distribution would be short equal. If no one earns any money except for one person, who earns all of the money, then the in come distribution would be perfectly unequal. In a normal society Income Distribution is usually somewhere in the middle of perfectly equal or unequal. When a downcast number of people start receiving a large portion of the income in a society, the government tries to find ways to redistribute income. Governments try to part the rich from getting richer, and the poor from getting poorer in order to fulfill a good balance in income distribution. Minimum occupy laws are a way that the federal and state governments balance income distribution. Minimum Wage is considered a price floor. Minimum wage laws determine the lowest price possible that any employer must pay for labor. In the traditional stripped-down wage model the standard of supplied labor is greater then the quantity demanded. Minimum wage is above equilibrium price and quantity. Minimum wage prevents labor supplied and labor demanded from moving toward equilibrium price and quantity. Minimum wage levels becom e the floor and wages can not fall below the floor price. In the first two Minimum wage graphs a study that was done in New Jersey to show the personal effects of a minimum wage increase in employment. One of the main arguments against increasing minimum wage is that it would cause an increase in chore loss. The graphs show that there was not a huge difference in employment when New Jersey after they increased minimum wage from $4.