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The argument of whether or not to raise the minimum wage has been a popular topic in today's society. This is especially due to the upcoming presidential election. While many candidates have taken different stances regarding the current minimum wage, the argument of whether or not to raise it is a difficult question to answer. It is one that voters and citizens must consider carefully. With that being said, raising the minimum wage is the most logical conclusion for the overall benefit of the economy and society at large. This especially includes the workers that receive the minimum wage, which is currently at a level that is not livable.
The history of the minimum wage began with the Fair Labor Standards Act in 1938. Since then, this standard wage floor has continued to increase in response to inflation. Since the 1950s and 1960s, the minimum wage has been looked at from an economic standpoint. This meaning that data is constantly tested to annualize the true effects of the minimum wage on the economy. Raising the minimum wage has never caused tremendous problems and therefore should be raised to due the natural progression of the economy (Krueger).
Today, the minimum wage does not allow workers to be properly compensated. Workers cannot live off of this wage alone, causing them to rely on government assistance. This is why lawmakers need to recognize the necessity to raise the minimum wage. Doing so would put less of a strain on the government to support these low wage workers and it would allow the workers to receive a livable wage in return for their hard work.
