Tuesday, May 12, 2020

The Issue Of Income Inequality And Minimum Wage - 1179 Words

Some say that money is the root of all evil, but at the same time, very few can argue against the fact that money makes the world go round. The United States is one of the wealthiest nations in the World, and while the economic situation in the United States is much better than that of China or India, money, or the lack thereof, is one of the biggest issues plaguing the Unites States of America. One of the key issues that have risen in recent times on the media is the widening wage gap between the rich and the poor, and the debate on whether or not an increase in minimum wage could solve the problem. While the whole nation would like to solve the issue of income inequality and minimum wage, the focus of this argumentative paper will be on the state of California. An increase in minimum wage should be adopted since everyone deserves to earn a livable age, especially when the reality of the economic situation in America points to the fact that the gap in income between the rich and the poor is greater than ever before. Some of the reasons why the minimum wage should be increased in California is because the minimum wage is not substantial enough to meet the living costs of California, there is plenty of wealth to go around for all to share, and the minimum wage has not kept up with the growing inflation and worker productivity. California in particular is quite an expensive place to live in so an increase in minimum wage is definitely needed. The cost of living inShow MoreRelatedWage Gap Between The Middle Class And The Upper Class1441 Words   |  6 PagesIntroduction Wage is a topic that is constantly covered in the media. One big issue is the growing wage gap between the middle class and the upper class. 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