What is minimum wage? It is the lowest possible wage by law that someone in the United States can work for per hour. The average working week for minimum wage is 40 hours. Which is overtime in most places like fast food restaurants. For the past couple of years we have been working at $7.25-$7.85 as min wage. Here recently it has gone up to $7.95. But is we all know it is very hard to live off of min wage it is impossible for a single parent to do so. our money is going sky rocket that it’s going to take an arm and a leg to make it, $1.00 should might as well be worth a penny now a days. Reason behind this is inflation.
What is inflation? Is increasing in prices and the falling of purchasing value of money. Meaning everything is getting pricey than it should be. One of the reason we are facing inflation is because we are importing goods from other countries and charging double so we can make a profit and pay the countries back. So the values of our dollar isn’t going to get us what we really need to survive. If the government had kept up on inflation or the price of living it would be $10.74 for minimum wage but yet that choose to ignore it thinking they was okay with it.
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Megan Huffman 