Living in a nice home, a good neighborhood, and having nice cars is what most people think of as part of the American Dream. How are you supposed to get there though? Unless you're going to win the lottery you’re going to have to work in some form. Achieving the American Dream while earning minimum wage may take a person longer but it is still attainable. Through higher education or hard work individuals can achieve a higher standard of living. What is minimum wage? Minimum wage is the lowest hourly rate (dollars per hour) that employers can pay their employees. According to minimumwage.com Minnesota’s minnimum wage is $7.25 per hour but will be getting raised to $9.00 per hour. Minnesota’s minimum wage is a common rate among many states such as Texas, South Dakota, and Iowa. Oregon and Washington are states that currently have their minimum wage rate set at or above $9.00 per hour. For both of these states, raising minimum wage has not necessarily decreased the poverty line. Both Oregon and Washington are still among the top 20 states for high poverty rates while New Hampshire has the lowest poverty rate and also has minimum wage set at $7.25 per hour. According to familiesusa.org the poverty line is a single individual who lives alone with no dependents making $11,490 a year. The annual salary goes up by $4,020 for each person you add to the household. Minimum wage is mainly used for part-time jobs, and part-time jobs are not meant to support a family full-time. These jobs are meant for teenagers or people who have others to rely on for income. People who live on minimum wage typically live alone and can support themselves. If a woman has a dependent child she either is receiving additional monetary compensation through ch... ... middle of paper ... ... hour. In the most recent recession banks gave out loans that ballooned after a couple years and put many people without a job. During the recession the white collar workers did not lose their jobs as fast as blue collar workers. America needs to keep minimum wage at $ 7.25 and stop aiding the people to sit at home and let the hardworking Americans pay for them to do nothing! Works Cited Davidson, Paul. "13 States Raising Pay for Minimum-wage Workers." USA Today. Gannett, 30 Dec. 2013. Web. 07 May 2014. Alex, Er E.M. Hess, and Thomas C. Frohlich, 24/7 Wall St. "Eight States with the Highest Minimum Wages." USA Today. Gannett, 03 Dec. 2013. Web. 07 May 2014. "Cost of Living Calculator: Compare the Cost of Living in Two Cities."CNNMoney. Cable News Network, Mar. 2014. Web. 07 May 2014. "Federal Poverty Guidelines." Families USA. N.p., Nov. 2013. Web. 06 May 2014.
The minimum wage was, as it should be, a living wage, for working men and women ... who are attempting to provide for their families, feed and clothe their children, heat their homes, [and] pay their mortgages. The cost-of-living inflation adjustment since 1981 would put the minimum wage at $4.79 today, instead of the $4.25 it will reach on April 1, 1991. That is a measure of how far we have failed the test of fairness to the working poor.” (Burkhauser 1)
Achieving the American Dream has been the ideal for people living in the United States for decades. People believed that the way to get there was through hard work, also known as the “Protestant work ethic”. The American Dream can vary depending on the person. Some people think that owning a house with a white picket-fence is the American Dream while others think that it is becoming a celebrity with a lot of money.
Before other states jump on the $15 minimum-wage bandwagon, they might want to look at what's happening in Massachusetts — one of two states with a $10-an-hour minimum wage. Massachusetts increased the minimum wage from $8 to $9 at the start of 2015 and to $10 on the first day of 2016. The state is now mired in its longest stretch of net job losses since the recession, Labor Department data show. Minimum wage is the assured lowest amount of pay per hour that an employee can receive and it’s purpose is to make certain that employers are paying their workers fairly. The first minimum wage was created by Congress in 1938 as part of the Fair Labor Standards Act; it was twenty-five cents an hour. Since then, it has varied over the years, the highest being in 1968, but today it stands at $7.25 (Sherk). At the moment, Congress is contemplating the Fair Minimum Wage Act of 2013, which would, over two years, raise the minimum wage to $10.10 (GovTrack). However, raising the minimum wage is a bad idea because a majority of minimum wage jobs belong to teenagers who will not stay in the job very long and do not need to support a family, raising minimum wage will lessen the availability of jobs for the poor, and it is pointless since many of the impoverished that the raising of the minimum wage is targeted to help, will not be able to benefit.
Currently, in the United States, the federal minimum wage has been $7.25 for the past six years; however, in 1938 when it first became a law, it was only $0.25. In the United States the federal minimum wage has been raised 22 times since 1938 by a significant amount due to changes in the economy. Minimum wage was created to help America in poverty and consumer power purchasing, but studies have shown that minimum wage increases do not reduce poverty. By increasing the minimum wage, it “will lift some families out of poverty, while other low-skilled workers may lose their jobs, which reduces their income and drops their families into poverty” (Wilson 4). When increasing minimum wage low-skilled, workers living in poor families,
The Federal Government defines poverty as income that falls below the United States Poverty threshold. (Begun 95). If a person is below or right at the poverty line they are considered poor. It also refers to the lowest level of income a person can make and afford the minimum necessities. (Bender and Leone 23). The poverty line was adopted by the government in the mid 1960's. Not included in the income figure are cash benefits such as food stamps and Medicaid.(Le Vert 50). The poverty rate is adjusted for different sexes, races, ages, and family structures. The government adjusts the poverty line each year according to the cost of living.
First, what is the American dream? According to David Wallechinsky, “the traditional American Dream is based on the belief that hardworking citizens can improve their lives, pay their monthly bills without worry, give their children a start to an even better life, and still save enough to live comfortably after they retire” (1). “The American Dream” states, “It has always represented the possibility for individuals to succeed and live a life of wealth and comfort, made possible by both the political and economic attitudes in the USA and the individual’s own hard work” (1). Daniella Nicole adds that “in years past, chasing the American Dream meant the sky was the limit. . .” (1).
National Conference of State Legislators (NCSL). "State Minimum Wages." State Minimum Wage Chart. N.p., n.d. Web. 24 Oct. 2013.
A federal minimum wage was first set in 1938. The first minimum wage was just 25 cents an hour in 1938. Can you imagine surviving off of 25 cents an hour? Now just over 70 years later the federal minimum wage is now 7.25. The question at hand is the federal minimum wage enough to meet the minimum requirement for a good, happy and healthy life? Some states and cities say no. While a select few states and cities have mirrored the federal minimum wage of 7.25, some states have placed their state or city/county minimum wage marginally higher than the federal minimum wage. So why would some states prefer to have a higher level than required by the federal minimum wage when some state have decided to match or even go below the federal minimum wage level. The answer to this question lies within each state city and county and how they perceive the cost of living in the presiding area. Minimum wage needs a makeover in America despite some of the negative effects that may come along with it. This paper will explore the reasons behind federal and state minimum wages and why some of them differ among states counties and cities across America.
The minimum wage today has a lot of issues; some people say it is not enough to live comfortably. Many agree that there needs to be an increase in minimum wages and by doing that it can help with our issues of poverty. Statistics show that a worker who is full time and earning minimum wage makes only $15,080 a year, which is under the federal poverty line for a family of two. (Gitis, 2013) The problem with that is $15,080 is not a sufficient amount that a person can live and grow on. “A family of two can consist of a mother and son or daughter, father and son or ...
Everybody has their own definition of living the “American Dream” and although they have their own definition, they all end up saying the same things. A big house, a family, enough money to feed their family and do other things around town, a job, success, peace, love, and happiness are all things that qualifies one for living the American dream. Some people however, do not believe in the American dream because it is hard to achieve even if you are taking all the right steps to achieve it. In these two articles “What is the American Dream in 2016”, and “The American Dream is Alive – These People Prove It”, you will be able to identify both attitudes towards the American dream.
U.S. Department of Labor. 2014. “History of Federal Minimum Wage Rates Under the Fair Labor
The American Dream, recognized as being the earning of a college degree, the owning of one 's own home, taking vacations and experiencing upward social mobility, is a very important belief that helped create the success that America is today. Many people believe that anyone who works hard and has determination can achieve this American Dream. In this day and age, experiencing the American Dream is believed to no longer be as available to Americans as it once was. The economy and corporate America have had a strong impact on the availability to reach this state of success. Everyone wants to live the American Dream, whether they know it or not. I have never met a person who did not want to become successful. Even I had a strong belief that the
Linda Gorman. "Minimum Wages." The Concise Encyclopedia of Economics. 2008. Library of Economics and Liberty. Retrieved April 24, 2014 from the World Wide Web: http://www.econlib.org/library/Enc/MinimumWages.html
Wittner, Lawrence. "The Minimum Wage Should Be Raised." The Huffington Post. TheHuffingtonPost.com, 10 Nov. 2013. Web. 12 Mar. 2014.
A person working at minimum wage will only make about $10,700 a year. When rent, groceries, bills and gas are all added up, it appears to be a nearly impossible task to keep a family afloat. But working 40 hours a week at $5.15 an hour, one makes less than $206 a week after taxes. Making $206/week, one brings home about $824/month. Adding 17 gallons of gas at $2.20 a gallon in a car; the cost ends up to be about $38 a week, $152/month. The gas and electricity bill about $120, $50 for cable, $147 for property taxes, $45 for the telephone bill, $25 for water, and $42 for house insurance. All this totals about $580 (Abrams, H). Making it difficult to afford cable, and make the smallest payment possible on all the bills causing one to slip into debt. This is reality for many of the people in the United States. At the current minimum wage level, a full time, year round minimum wage worker in 2005 will earn $5,378 less than the $16,090 needed to lift a family of three out of poverty (Minimum).