Raising the minimum wage up to about three dollars should be done in increments of over a few years so it doesn’t shock the economy in any unpredictable way. Some states like California, won 't be affected that much, but where the minimum wage is $7.25 an hour that three dollars more will make a difference. We have to take into consideration how smaller economies and small business owners will be affected by these change of wages. If we shock the economy overnight and implement the new wages without gradually increasing it over time there could be unforeseen consequences.
Others have done real world research to see if actually raising the minimum would harm jobs. David Madland and Keith Miller analyzed the minimum wage increases at the state level of over two decades and “found no clear evidence that the minimum-wage increases affect aggregate job creation when unemployment rates are high”. Job loss is a huge reason as to why many people don 't want to risk raising the minimum wage. By only increasing it to ten dollars it won 't be affected by it that much. It 's mostly supply and demand. At first there might be job loss due to the increase of the mi...
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.... Raise it to 10 dollars an hour such so we don 't hurt virtually anyone then states or cities should raise it to where it helps the maximum amount of people without hurting any company 's. It 's always better to weigh your pros and cons and in this case there are so many pros and so little cons to raising the minimum to at least ten dollars it would be stupid not to raise it. There will always be people who say raising the minimum wage will only hurt us. That 's true but only when you raise it to high and raising it up to 10 dollars is just high enough to give states wiggle room to actually help their citizens. Also it will give bigger states with bigger economies to allow for an increase while smaller states with smaller economies can still grow without being damaged . The best solution is to have every american citizen happy and getting more out of poverty.
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