Benefits Of Raising The Minimum Wage Essay

1053 Words Nov 19th, 2015 null Page
In an ideal world raising the minimum wage would be extremely helpful, however, we do not live in an ideal world. While an increase in wages will be helpful for some employee’s, for the families running small businesses it could hurt a lot. The question still remains will the benefits of raising the minimum wage overcome the damage done? How will business deal with this, will they overcome it by cutting the hours of some employees or will they increase the cost of goods and services, or will they do both? Why did this sudden interest in the increase in minimum wage start? Since the minimum raise is increasing will it have a ripple effect? With an increase in minimum wage will people want to go back and continue their education? Finally do these people deserve an increase in wages? In about twenty-three states all over the United States fast-food workers are protesting for higher wages and the right to unionize. President Barrack Obama and congressional Democrats proposed the idea to raise the federal minimum wage from seven dollars and twenty-five cents to ten dollars and ten cents, thus making the minimum wage what it was in the late 1960s. In 1968 minimum wage was at one dollar and sixty cents. When economist adjust for inflation, then minimum wage should be ten dollars and sixty-nine cents today, if you adjust solely on increased productivity it would be at twenty-two dollars an hour. The SeaTac’s fifteen-an-hour ballot measure did not appear out of nowhere. It was a…

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