Increasing the Minimum Wage Will Reduce Income Inequality...

No person can maximize the American Dream on the minimum wage. -- Benjamin Todd Jealous No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty. -- Jon Corzine Income inequality has been a major problem facing American society for decades, but has recently become a major concern. I personally believe the major gap between the income of the rich and poor is a not just, but is not a major concern for the government and society. If the Federal Government addresses other major concerns facing American citizens the inequality will be adjusted due to other changes. The government needs to step in and adjust minimum wage and public education. If the government†¦show more content†¦Not only is minimum wage a major social issue that needs to be addressed in order to help appease income inequality, but also education is a huge social concern. The reason this is such a concern is because families living in low income housing neighborhoods attend low income schools and are unable to rise above, because their schools do not have the same quality funding as high income neighborhood schools or private ones. The low income schools do not have prop er funding and put the students at an immediate disadvantage compared to high income neighborhood schools and private schools. I personally believe if the Federal Government supplies public schools with more than just 15% of their budget, students would not be at such a disadvantage and have a greater chance to be motivated to attend college and hopefully obtain a degree to earn a high wage job. In my education classes the teachers place a huge emphasis on making sure students are getting full educations. Meaning students start in kindergarten or a pre-kindergarten program and finish high school in order to benefit society and not bring society down. The fact is the earnings of high school graduates have grown â€Å"more rapidly, so that the gap between dropout and graduate earnings expanded over time,† even if they do not attend college it is so important for students to graduate from high school so the inequality does not increase even more (Becker 1). Additionally, ifShow MoreRelatedIncreasing Minimum Wage For Women And Young Employees901 Words   |  4 Pagesproblems concerning pay discrimination. This essay is going to discuss whether or not the solution of increasing minimum wage for women and young employees could reduce the issue of income inequality such that it would improve all salaries from different occupations, help single mothers to support the family, and reduce youth unemployment. The first result from the solution of increasing minimum wage is improving all salaries from different occupations. Over the last 25 years there have been severalRead MoreThe Impact Of National Minimum Wage On South Africa s Income Inequality Essay1525 Words   |  7 PagesThe impact national minimum wage would have on South Africa’s income inequality should it be implemented. South Africa is still considered one of the countries which still consist of high income inequality. Economists argue that inequality is the most unavoidable part of the economic development and that it continues to increase in developing countries due to economic growth (Keeton, 2014). Inequality is a problem in countries such as South Africa, because it shifts the attention from bigger andRead MoreShould Minimum Wage Be Increased?1691 Words   |  7 PagesShould Minimum Wage be Increased? Introduction The term, â€Å"minimum wage† refers to a lowest payment that an employer is bound to pay to its workers. 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Impact of minimum wage on employment One concern that is commonly mentioned during the debate on raising minimum wage is the loss of employment asRead MoreAdvantages And Disadvantages Of Minimum Wage In Taiwan1541 Words   |  7 PagesIntroduction Nowadays, minimum wage is very important for workers in this world. In addition, minimum wage is also a core element of public policy in lots of countries. For example, minimum wage has become a hot topic in Taiwan recently. The Taiwanese complained that the working hours are too long, and the wages are too low. Because of that reason, workers in Taiwan have come forward to protest this policy. Therefore, according to this example, minimum wage has become an issue that cannot be ignoredRead MoreMinimum Benefits Of Minimum Wage1359 Words   |  6 PagesMinimum wage is described as  Ã¢â‚¬Å"the minimum amount of remuneration that an employer is required to pay wage earners for the work/services performed during a given tenure, which cannot be reduced by collective agreement or an individual contract†. Minimum wage can be established by statute, competent decision authority, a wage board, a wage council, or by industrial or labour courts.   The significance of minimum wage is to shield workers against disproportionately low pay. They help safeguard an equitableRead MoreMinimum Benefits Of Minimum Wages1399 Words   |  6 PagesMinimum wages are described as  Ã¢â‚¬Å"the minimum amount of remuneration that an employer is required to pay wage earners for the work/services performed during a given tenure, which cannot be reduced by collective agreement or an individual contract†. Minimum wages can be established by statute, competent decision authority, a wage board, a wage council, or by industrial or labour courts.   The significance of minimum wages is to shield workers against disproportionately low pay. They help safeguard an