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Effects Of Increasing Minimum Wage

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Effects Of Increasing Minimum Wage
t is thought that if minimum wages is increased that besides it may benefit some workers, it also can have a negative impact on the economy is the way of job lost higher prices and some business closing
Article: Minimum wage: Updated research roundup on the effects of increasing pay
States are starting to gradually increase minimum wages. It was debating the minimum wage should be increased because it would increase wages to a respectable living wage. It was once suggested that minimum wage at least raises to $9 which would be comparable to the wages of the 1980s, which would boost the salary of approximately 15 million people. To even get todays salary back to what is equivalent to salary of 1968 it should be raised to at $10 per hour.
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