Minimum wage was established in the 1938 Fair Labor Standards Act, which is defined as the lowest payment that an employee can receive for labor. Throughout the years, it has been a highly controversial and debated topic among the U.S government and citizens. Minimum wage was originally intended to aid in reducing poverty and provide for a decent standard living. However, it has raised over the years as lifestyles became more expensive, resulting with several pressing issues. Raising minimum wage is ineffective in reducing poverty, and would only stagnant its economic and political growth.
First of all, an increase in the federal minimum wage will force businesses to raise each worker’s wage, leading to a higher unemployment rate. As marginal
First of all, an increase in the federal minimum wage will force businesses to raise each worker’s wage, leading to a higher unemployment rate. As marginal