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

Things like child interest and sick leave and equal pay. Things like lower mortgage premiums and a higher minimum wage. These ideas will make a meaningful divagation in the lives of millions of families. That is a fact. And thats what all of us Republicans and Democrats alike were sent to upper-case letter to do... -- President Obama, State of the Union address In the United States marginal Wage is approaching record lows. Even with recent make ups inflation is unmatched of the main reasons that workers are being paid less for labor than they were choke in the Seventies. There are about 3 million workers in the United States that worked full time form round last year and still fell below the National poverty level. If every adept earns exactly the like amount of money, then the income diffusion would be perfectly equal. If no one earns any money except for one person, who earns all of the money, then the income distribution would be perfectly unequal. In a normal society Income distribution is usually somewhere in the middle of perfectly equal or unequal. When a small number of people start receiving a rangy portion of the income in a society, the government tries to find ways to spread income. Governments try to stop the rich from getting richer, and the poor from getting poorer in order to achieve a good difference in income distribution. marginal wage laws are a way that the federal and state governments balance income distribution. stripped Wage is considered a outlay floor. Minimum wage laws particularise the lowest monetary value possible that any employer must pay for labor. In the traditional minimum wage model the quantity 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 become the floor and wages can non fall below the floor pric e. In the first two Minimum wage graphs a study that was done in New tee shirt to show the 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 job loss. The graphs show that there was not a broad difference in employment when New Jersey after they increase minimum wage from $4.