When choosing a topic for the policy speech and the presentation of analysis I had a hard time choosing the topic that I wanted to address. I wanted to chose a topic that I thought was important and a topic that most people could relate to. I finally came to the decision to chose the topic on the debate of the minimum wage because I knew it was a big and hot issue in politics. When I first heard about the topic I did not have any real opinion but if someone asked me I probably would have said I was against the raise, because the only fact that I knew was that it would cause people to lose their jobs. As soon as I started researching more information I quickly gravitated to side with the minimum wage being raised. I am glad to now say I finally have a strong opinion on what the minimum wage should be!
There is plenty of information online that supports both sides. The main point of the argument is whether the wage should or should no be raised to $9.00 per hour by 2015. Many people like Paul Krugman, a columnist for New York Times, and James Dron whom is the Cato Institute's Vice President believe that the raise should be raised because it is what our economy needs in order to restore it. Then in essence there are groups like the National Employment Law Project who are actually going out there and trying to reach the public to encourage them to help raise the minimum wage. On the other hand there are people like Jared Bernstein, a senior at the Center of Budget and Policy and many top republics fight against the proposition to raise the wage because the argue that jobs will be lost in the market and it will have a negative effect on our economy.
Like I said earlier before I even started research I did not have much of an opinion but If I had to choose I would say that wage should not change. Although I knew what it was like to work at minimum wage and your not always getting paid what you deserve, I thought it would ultimately cause jobs to be lost in America because companies would lose money and would not have enough money to hire people. But, after doing research I completely disagree with this. There is plenty of evidence that proves that raising the wage would create more jobs in our economy and it is what many people need. I think the point that persuaded me the most was that if the minimum wage would have kept up with the cost of living in the 1960’s, today it would be equal to $10.56! If that did not sell me then the fact that raising the minimum wage would put 18 million dollars into our economy sure did!
One thing I really learned about this issue that has made my argument to becoming more compelling is that it is a moral issue and not everyone is going to have the same opinion on it. Therefore, I think it is extremely important to look at the value of the dollar over time.
I think that it is extremely important to have an opinion on as many issues as possible and to stay true to who you are about it . I am very happy I got the opportunity to address the debate on the minimum wage because I did not know the true facts. I learn more then the mere fact that the minimum wage is a problem, I also learned how bad it is effecting our economy and how bad America’s economy is hurting today. Once I found out what the experts say and think I was able to formulate a opinion, that the minimum wage needs to be raised by 2015 to $9.00 in order to strengthen our middle class, boost our consumer spending and ultimately rebuild our economy.