Economics blog

 Patricia Angulo

Mr. Roddy

IHSS
15 May 2021

15 Dollar Federal Minimum Wage

This article on the proposed 15 dollar federal minimum wage talks about how workers who are severely underpaid are often workers of color, specifically black workers, and even more specifically black women. It also talks about the ways this minimum wage raise would take place. It would be a staggered growth going up every year/couple years instead of it immediately being brought to 15 dollars an hour at once. It then goes into statistics about why it would be beneficial to around 20% of the population with the lowest pay. This article does have an obvious opinion as the title is “Why the U.S. needs a 15$ minimum wage” so I will go into what I think about this in my analysis.

Basically I do think that in many places it is necessary for the minimum wage to rise. It can be seen in a lot of places that a majority of the underpaid workforce is part of a specific minority group. These underpaid workers need money so badly that they will often move away to another state in large groups. I do think that there are some places where the minimum wage doesn’t need a huge rise though. There are many places that don’t cost much to live, so it most definitely doesn’t need to be brought to 15$. I also think it is a little weird that everywhere there would be a 15$ minimum wage because the amount it costs to live in any given area varies quite a bit. After looking into some of the possible consequences of raising the minimum wage to 15$ an hour I think this proposal should be rethought. Maybe the minimum wage could be brought up by 3 dollars from its current value in that state federally. But it shouldn’t just all be the same. I know this is a controversial opinion but I hope it is ok because I think this is a very important thing in our country.

https://www.epi.org/publication/why-america-needs-a-15-minimum-wage/

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