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Many states have done it major cities have begun to do it and a majority of Americans are hoping Congress will raise the minimum wage CNN Moneys American Dream Poll found that 71 of people surveyed favor a hike in the federal minimum wage The majority was strongly represented by both men and women There was stronger support among Democrats 90 supported an increase while 54 of Republicans also agreed that the minimum wage should be raised Sahadi 2014An analysis by USA Today shows that living the American dream would cost the average family of four about 130000 a year Only 16 million US households around 1 in 8 earned that much in 2013 according to the US Census Bureau Nearly 213 million US workers or 164 of the workforce would be directly affected by raising the minimum wage to 1010 Gold 2014While the United States unemployment rate is 63 many Americans are still jobless underemployed or in poverty One of the major topics in the United States is minimum wage The current federal minimum wage is 725 per hour A full-time minimum wage employee earns 15080 annually In 2012 the poverty threshold for a single person was 11945 For a family of four with two children it was 22283The question is would an increase really help the economy In order to fully understand minimum wage one must be aware of the background and circumstances of how everything started The entire decade of the 1930s in the United States is often referred to as the Great Depression A worldwide depression struck countries with market economies at the end of the 1920s In the United States in 1933 25 of all workers and 37 of all nonfarm workers were completely out of work Many people starved while others lost their farms and homes The American economy had yet to fully recover from the Great Depression when the United States was drawn into World War II
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