As living expenses rise, and inflation takes its toll, it is merely common sense to raise minimum wage to help blue collar Americans cope with the everyday change in our currency. Raising the minimum would help cover the basic necessities of an average worker’s life, stimulate the economy, and help balance the growing gap between the middle and upper classes. In 2011, there were near 4 million Americans who were earning the minimum wage of $7. 25 an hour. In Georgia, the average hourly living expenses total to $10. 10.
Those numbers don’t add up. Increasing the minimum wage would help hard-working, blue collar Americans to cover living expenses, regardless of their current financial status. Not only does raising the minimum wage provide a helping hand for the everyday worker, but it helps stimulate the economy, as well.
Raising the minimum wage a mere $1. 50 an hour would jumpstart the spending power of those 4 million Americans earning minimum wage by an astonishing $10 billion. If the minimum wage fluctuated to $10 an hour, an estimated $60 billion would be released back into the economy. The direct relationship between spending power and minimum wage clearly illustrates the importance of adding more dollar value to the measly $7.
25 minimum wage that is currently given today. Small businesses and other financial institutions significantly impacted by the recession can slowly recover if more money is recycled into the economy. An increase in minimum wage would also help balance the social inequalities that have been caused by the recession. By simply raising the minimum wage, daily life, economy, and society would be beneficially impacted. Normal struggles would become facilitated, allowing everyone to live with ease and enjoy their God-given blessings. The United States, country of opportunities and dreams, needs this, not just for you or me but for everyone.