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Summary Of Raising Minimum Wage

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Summary Of Raising Minimum Wage
The Federal minimum wage needs to be raised from the current $7.25 an hour to a higher amount because it will help businesses, our minimum wage is low by many international standards, and the current minimum wage is not the living wage.
Raising the minimum wage will help business, not hurt them. According to the CEPR from June 2014, the 13 states who raised their minimum wage saw faster job growth compared to the national average, opposed to fears of a shortage of work if this is enforced that the graph points to. An example of when this has worked is with farm subsidies that have acted like a higher minimum wage for farmers and the agriculture business has done well, as cited in the lesson.
Additionally, the United State’s minimum wage is
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