Raising Minimum Wage

Raising minimum wage would benefit many people and would give them a higher standard of living. It is the american dream to start with little to nothing and work your way to the top. But some people are just not in the right place in life to become rich and successful. But no one can argue that if those people are making the current federal minimum wage of $7.25 per hour, their quality of life will sky rocket if they even just get a couple dollars more per hour. Rent would be paid on time , ability to buy more nourishing food than just mcdonalds and toys to make childrens childhoods more enjoyable. All these things can be accomplished with only a couple of dollars added to the federal minimum wage. For example australia has the highest minimum

Small companies might be hurt even more by the minimum wage increases. Some autopreneur can only afford to keep it small. Some people like the feel and vibe of a small family owned business from bakeries to small used car lots. Small businesses are all around us and we should make an effort to support theses hard working entrepreneurs and their desire for running a proud small business. But raising minimum wage in some instances is not the right decision. Considering small businesses are not large corporations they have a certain point where they are paying their employees too much for financial stability. One example of this is pinkie's bakery in San Francisco California. When the state of california implemented the $15 minimum wage pinkie's bakery was forced to close because they could not afford to pay their employees that

And our children and their children will all be affected either positively or negatively on how minimum wage is changed now and then. Weather we have a bright economic future or a bleak one relies on how minimum wage is handled. And we must handle the topic of minimum wage with kid gloves because if minimum wage is handled improperly the effects could be massive.

In the near to distant future we will see more than just new technology. If the usa follows its current economic trends we will almost certainly see quite higher minimum wage than what we are used to these days. Because of the fact that inflation raises the amount things cost every year. So companies and state governments and even our national government has to raise the minimum wage. Slightly almost every few years so in our near and distant future expect to find much higher minimum wage than we see and get paid today.

Overall minimum wage will be a highly debated topic even years from now, considering we have to heighten our pay to match inflation rates almost every few years. But it's important the carefully and strategically plan out minimum wage increases and keep in mind both large corporations and small