Minimum Wage Is Necessary For A Basic Quality Of Life

Minimum wage is defined as the lowest possible income that an employer can legally pay an employee. These provisions are contained in the Fair Labor Standards Act. The purpose of minimum wage is to ensure that all workers are fairly paid and not exploited by companies or businesses. However this is not always the case instead this policy ends up hurting low-end workers and the economy in terms of lower job opportunities. Sustainability, in this case, is defined as the ability to maintain a certain amount of physical property. Considering this definition of sustainability, minimum wage is not a feasible salary to survive with a basic quality of life. Standard minimum wage presently is a base pay of $7.25 an hour. The current amount of minimum wage fails to keep pace with inflation and the rising cost of living (Biegler, 2014). Living standards in the United States have risen over time just as overall consumption levels have increased. The outdated measurement of poverty underestimates the amount of income families need to sustain a comfortable living. The original poverty thresholds were set in the early 1960s. Since then, there have been significant changes in family spending patterns that the poverty threshold fails to capture. For example, families are demanding and paying for more health care and child care because of changes in health insurance coverage, rising health care costs, and women’s increased labor force participation (Chasanov, 2004).This only means thatShow MoreRelatedA Brief Note On The Myanmar Garment Industry Essay1693 Words   |  7 PagesThe Myanmar garment industry is still extremely small and it tends to specialists in higher quality by comparing with other countries in the region. 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