Minimum Wage Job Analysis

Nowadays, any parent with children could not sustain a decent life working at $7.25 an hour. However, it is the individual’s skills, determination, and education which determines to whether that individual would have a low-income job or not. The minimum wage is the first steps of any person who begins climbing toward the top of the economic ladder obtaining experience, knowledge, and motivation in the process. Nowadays, groups and unions of employees are demanding an increase in the minimum wage. To them, their lives are packed of struggles fronting poverty; however, several of them are unskilled individuals that are lacking of professional educational knowledge. On this paper, it will be shown four important keys about minimum wage jobs. First,
Fast food restaurant chains are well known for their low-cost food and for their low-priced labor. As in 2015, the minimum wage in the US is at $7.25 an hour. However, many states are capable to whether increase it or not. Here in Connecticut things are different. The current wage is at $9.15 an hour, making Connecticut one of the top states with higher minimum wages. In addition, the minimum wage contributes to the success of a small business. Owners with a small business have small profits and with the assistance of a minimum wage worker, he is able to maintain his business operation and slightly expanding. In a report from the Congressional Budget Office found that within all working populations with minimum wage, 80% are over twenty years, 53% work as full time, 70% have a high school diploma, and only 10% percent have a college degree. Meaning that jobs with minimum wage salaries are the first steps on the economy ladder in which all individuals should ascend by their own determination. Several unemployed people, which lacks education, working skills, and experience, can definitely get hired in a workplace within the minimum wage. As Milton Friedman, Nobel Prize in economic science in 1976 said once, “A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.” Although forty years had passed since Friedman’s phrase, business owners
This “support” does not only affects the federal budgets to invest in social developments; moreover, disturbs the economy of the nation. In average, 52% of fast food workers are being assisted by the government to sustain their necessities. These individuals are frequently people over twenty years with no education and with none or little experience in the work field. Some of them are single mothers that have to get a job to sustain her child. However, as bad as it seems, many of these complications were caused by the own individual’s life decisions. Each person should have a lifetime objective in which prioritize their economic position to before forming a family. As for those who did not want or could not chased a professional life, a low-income job becomes their last resource to obtain money; taking away the possibility to become a criminal. An economic analysis from the Pew Research Center in March of 2014, found that college graduates earn approximate of $17,500 more that those with a high school diploma and 22% of those with a high school diploma aging 25 to 32 which are living in poverty. This deficiency of knowledge and the deteriorating value of the high school diploma aggravate the situation for many US citizens. In addition, when the