What $2.75/hr more could do for me

$7.25/hr

• Work 30 hours per week
• Works 6 days a week doing 5 hour shifts
• Miss a few classes due to work requirements 
• Become lethargic from working so much 
• Has to miss out on either studying, attending social events, making new friends, enjoying his college experience

$10.00/hr

• Work 21 hours per week
• Work 4 days a week and is able to attend all classes 
• GPA is high because he attended all classes and has enough time to study
• Can attend networking events 
• Has a few hours to spare per week to meet new friends and enjoy the college life

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Life at 10 dollars an hour

• If I were to earn $10 per hour, that means I would have to work 9 hours less per week to earn the same amount of money assuming I worked 30 hours per week at $7.25/hr. 
• This 9 hours can be used for studying, attending classes I would have missed, networking, making new friends, etc. 
• If I decided to work the same amount of hours, I would now have money to set aside and save. This will teach me a valuable lesson on how to manage money instead of living paycheck to paycheck. 
• Raising the minimum wage will be a huge boost and make it easier for me and others like myself to escape the cycle of poverty our families have always been in.

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My Proposal

• Raise the federal minimum wage to $10/hour
• This will help out all minimum wage earners without taking too much from business
• Will drastically help me and others in my situation and allow us to focus more on school so he can land a high paying job and leave the cycle of minimum wage earners
• Raising the minimum wage to $10 will create roughly $25 billion in GDP and 100,000 net new jobs
• Helps lift individuals out of the cycle of poverty and close the income gap

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Q: Jason, how is your first semester of your freshman year going?

It’s been different from what I expected. I was lucky enough to find a job on campus so I can be able to afford some necessities and school materials. Unfortunately, I’ve had to request more hours at work to meet my expenses. Working 30 hours a week is a real bummer. I’ve been forced to miss a few lectures so I won’t miss my work shift. Right now, work has a higher priority than my school work. My grades dipped a bit but I’ve been working extra hard to make up for that. I couldn’t make it to the Finance Career Social event held on campus last week because I was studying for a test I had to make up. It’s also been really hard to make new friends since I have so little time to myself. There’s this cute girl in my philosophy class that I’ve become friends with but I don’t really have the time or money to take her out! Hopefully my luck turns around so I can shift more of my focus on school.

asked by Anonymous

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The Issue

• I’m currently a full time student enrolled in 5 classes, part of a fraternity, work 25+ hours a week, attend networking and social events to create and maintain relationships with business professionals. 
• Working 25 hours a week only nets me $150 after taxes which is barely enough to cover his personal expenses and room and board 
• I’m forced to work more than 25 hours a week which is eating into other activities and eventually takes a toll on my grades

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The Basics

-The minimum wage is the current lowest possible hourly rate an employer can pay an employee for work

-The current minimum wage is set by the Federal Government at $7.25 

-About 3.6 million workers earn at or below the minimum wage amount. 

-These 3.6 million workers make up 4.7% of the total workforce in the United States

-The minimum wage has not increased steadily with inflation over the years

-The minimum wage has roughly doubled in 2012 dollars since it’s inception in 1938

-Minimum wage has not kept up with the cost of living and has contributed to the wealth gap harming this nation 

-Many cannot afford necessities on a minimum wage salary and are forced into poverty

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