You might think that college is full of just amazing memories including intellectually stimulating conversations with professors and perfect nights out with your lifelong best friends. Well, that's not reality. Don't get me wrong, college is incredible but it's not quite everything it's made out to be. As my freshman year comes to a close, I've done some reflecting. Here are 41 things that my friends and I accomplished our freshman year.
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StableDiffusion
What about combined income from two minimum-wage workers? Wouldn't that put them above the poverty line? In a nuclear family with two working parents and two children, their combined yearly wage would be about $30,160. That's only $7,846 above the poverty line. Now, let's take into account rent, food, gas, utilities, car insurance, health insurance, school supplies, clothes, and tuition. Try and see how $30,160 would cover all those expenses in a year – it doesn't. The minimum wage is not a living wage.
The minimum wage is not a living wage.
StableDiffusion
Here are some myths that I would like to present and debunk:
Raising the minimum wage will kill jobs. This is false. In a March 2011 report, the Center for Economic and Policy Research concluded that raising the minimum wage would not only help workers but actually have the possibility of increasing job openings. Better pay leads people to spend more money, and the cycle repeats.
"Nobody living in one of the most influential nations in the world should be worried about making ends meet."
influential nations
StableDiffusion
On June 2, 2014 , Seattle changed the city's minimum wage to $15 dollars. Following that procedure, unemployment decreased 17.46 percent – falling from a previous 6.3 percent to 5.2 percent.
Raising the minimum wage will hurt small business. Not only has a higher minimum wage worked in cities across the United States, but a 2006 study by the Center for American Progress and Policy Matters compared small business performances and found that the small businesses who paid the higher wages were more profitable.
Mostly teenagers work minimum-wage jobs. Again, this is false. Half of minimum-wage workers are 25 years old or older. Most minimum-wage workers support their family on this income – and 28 percent of these individuals have children.
Raising the minimum wadge
The minimum wage is not sufficient to uphold and support an individual, especially individuals with families. I've often heard: "It isn't fair that someone working in a fast food restaurant will get paid the same as a college professional!" If we raise the minimum wage to, let’s say, $11 an hour, it would still be a lower amount than that of a college professional. Even so, someone not having a college degree doesn't make their worth any less valuable. Nobody deserves to live in poverty. Nobody living in one of the most influential nations in the world should be worried about making ends meet. We are a nation of equality and opportunity – it's time to let some of that opportunity flow.
What is the current minimum wage at the federal level?
Federal minimum wage is currently $7.25 per hour. Many states also have minimum wage laws, and the employee is entitled to the higher of the two minimum wages. (U.S. Dept. of Labor)
What are the benefits of raising the minimum wage?
A higher minimum wage means less workers living below the poverty line, more workers being able to make ends meet and potentially spend beyond that, and workers would be more productive upon the increase.
What are the states that have set a $15/hour minimum wage?
California is at $15.50 per hour, Washington is at $15.74, and Massachusetts is at $15. These are the only states to have a $15 minimum wage as of Jan. 1, 2023. (The Economic Policy Institute Tracker)
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