I am a little biased here. Personally, I think the $7.25 per hour is not sustainable.
In my judgement, the people who immediately benefit from a minimum wage increase are those workers who hold on to their jobs after the increase. Subsequently, there is a case that could be made that it hurts businesses (lower profits) and the economy as a whole.
While many may champion for an increase in the minimum wage, it isn’t a basic, straightforward issue: (a) an increase in the federal minimum wage would concern only a small percentage of US workers; 3.9% according to 2014 U.S. Bureau of Labor statistics, (b) because of increases in the minimum wage, newcomers might find it hard to find employment, and (c) economists would deem an increase in the
In my judgement, the people who immediately benefit from a minimum wage increase are those workers who hold on to their jobs after the increase. Subsequently, there is a case that could be made that it hurts businesses (lower profits) and the economy as a whole.
While many may champion for an increase in the minimum wage, it isn’t a basic, straightforward issue: (a) an increase in the federal minimum wage would concern only a small percentage of US workers; 3.9% according to 2014 U.S. Bureau of Labor statistics, (b) because of increases in the minimum wage, newcomers might find it hard to find employment, and (c) economists would deem an increase in the