Minimum Wage/Living Wage: History of

Minimum Wage/Living Wage: History of

The purpose of this research was to explain the concepts of living wage as well as minimum wage in the State of Florida. The history, purpose, effects, differences and comparisons with the poverty level, as well as pros and cons were discovered in the process. The research shows whether or not the living wage is sufficient to provide for the average American looking into standard living costs and expenses through out one year. The conclusion of the research suggests that the living wage is not sufficient for the average American in Florida, and even more so for the average American responsible for the care of a family. With that said, by increasing the minimum wage, Americans will be able to continue living in coordination with the living wage. By increasing the minimum wage, there is a chance of decrease obesity and reduce healthcare spending.