There are a lot of issues that the American people care about, but when it comes to money, the issue that ignites a passionate and national debate is the federal minimum wage. The discussion has caused a national outbreak of protests from even the lowest skilled workers of the American economy. In 2009, the federal government decided to raise the minimum wage for first time in 47 years which according to government websites is at 7.25 per hour. The purchasing power of the US dollar following the economic collapse of 2008, has been minimal compared to the inflation that occurred in the late 20th century. On an annual basis since 2009, the American work force has seen their hard earned or well fare dollars minimal buying power steadily decrease. Politicians, from both government parties, abuse the emotions of the American people by spewing false ideas about raising the minimum wage on a federal level. will give people the living wage that the feel that their entitled to. However, the financial systems of the world and the basic economic principles show that any sort of government fixed costs has an overall negative effect on wages and average lifestyle
Both sides of the minimum wage argument is that income quality is an issue and the current wage issues are very real. In the harsh world of global marketplaces, wages and the factors of production are significantly less than in an entitlement society like the United States. Although unfortunate, the idea that may an arbitrary number with no consideration for macro-economic
States counties and cities have their own minimum wage. Washington state offers the highest minimum wage in the country, at $9.47 per hour, and last year, the Seattle City Council voted unanimously (9-0) to boost the cities' minimum wage to $15 per hour, which is to be phased in over the course of a few years.
