Everyone should be able to provide for themselves and not be forced to live in poverty, especially in a country with the government and resources that the United States has to offer. In order to reduce poverty and encourage economic growth as a leading nation, the United States should have a living wage.
The US has gotten to the point where scientifically it is possible to figure out what people need to make to survive, and it makes sense to standardize this for business owners to use when deciding what minimum wage is. If the business is not fit to pay it's workers a just compensation, they have no business hiring them in the first place.
This is a very important step in the correct direction. If and when a mandatory living wage policy is passed, everyone would be able to afford food, gas, housing, and other expenses. And when you have money like this being handed back into the economy and taxed, it's great for the country as a whole.
Increasing the wage will give a greater incentive for high school students to quit school and get a job to support the family. High school students should not be given incentive to leave school, We need to be encouraging them to stay. A poor family might get the kid to dropout of school in order to help out. Whereas in the long run it's much better for our economy if they finish high school and will be able to get a better paying job, Bringing in more tax revenue for the government.
No, the U.S. should not implement a mandatory living wage, because all it would do is raise inflation. As people have to be paid more, they all have more to spend. The result of that is that demand goes up. As demand goes up, so do prices. Mandatory wage hikes do not fix the problem.
There is a critical point in the discussion of whether living wages help poor and low-income families that bears emphasizing. Standard economic theory predicts that a mandated wage floor like a living wage will reduce employment. However, how a mandated wage floor affects the distribution of income, and poor families in particular, is purely an empirical question. One can be absolutely convinced, from the theory or, preferably, the evidence, that living wages reduce employment