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Minimum Wage Vs Living Wage

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First, the concept of minimum wage was established by the Fair Labor Standards Act (FLSA) in 1938 for the purpose of insuring a minimum standard of livelihood for inexperienced workers. The last time the minimum wage was increased was on July 24, 2009; the wage increased from $6.55 per hour to $7.25 per hour. Minimum wage should be based on a living wage rather than a market wage standard. The minimum wage being based on a market wage standard violates the principles of beneficence, nonmaleficence, justice, and responsibility.

In addition, the underlying issue, however is moral as well as economic. This implicit moral code stands for the simple proposition that that anyone who works hard should earn at least enough to keep themselves and

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