Raising the Minimum Wage:

• Increasing the minimum wage can reduce absenteeism. When workers earn higher wages, they lack jobs and increase productivity. A 2010 paper by economists Laura Bucilia and Curtis Simon concluded that a decline in minimum wages is associated with a reduction in absenteeism for reasons other than illness.

• Even if raising the minimum wage, employment will not decrease. Major economists have found that raising the minimum wage does not have a significant impact on employment, including employment in industries such as restaurants and retailers, which are highly affected.

• Recent urban experience to raise the minimum wage will provide further assistance. Prior to calling attention, San Francisco raised the minimum wage to 12.25 dollars and achieved positive employment growth in the leisure and hospitality industry in the second year.

• Increasing minimum wage will increase consumption expenditure and promote economic growth. According to a study by Doug Hall and David Cooper, the $ 2.55 increase in minimum wage increases the income of low-wage workers by $ 40 billion, which leads to a significant increase in GDP and employment.

• The minimum wage hike is primarily for the benefit of low-wage workers and is most likely to return additional income directly to the economy, opening good circulation of goods and services, employment growth and productivity Be a worker.

• Red and blue provinces have recently passed the minimum wage increase. Since 2014, 16 states, such as Alaska, Arkansas, Nebraska, South Dakota and West Virginia, have raised the minimum wage.

• Republicans and President of the Democratic Party of Japan support the minimum wage growth. Twelve presidents including Republican Eisenhower, Nixon, Ford, George H. W. Bush, George W. Bush signed a bill to raise federal minimum wage

• On a partisan side, Americans support an increase in minimum wage. According to a nationwide survey conducted by heart polling, 75% of Americans support to raise federal minimum wage to 12.50 by 2020. This includes 92% of Democrats, 73% of independent members and 53% of Republicans.

The law was recently passed by several states, and the minimum wage has been raised substantially. California will raise the minimum wage to $ 15 per hour by 1 January 2023. Colorado will raise the minimum wage from $ 9.30 per hour to $ 12 per hour by 1 January 2020. This is an increase of $ 0.90 per year. In New York, the law to raise the minimum wage to 15 dollars per hour was also passed. Some counties and big companies have earlier timetables than other counties. Other cities and states throughout the country also discuss and enact laws to raise the minimum wage of low-wage workers to a more affordable wage.

Whenever a city or state discusses raising the minimum wage, both business and conservative legislators take a series of three threats. They believe that higher minimum wages will hinder employment opportunities. They insist that wages suffer companies. They insist that prices will rise sharply. (Below is a survey of EPI before raising wages in Seattle, most companies predict all three.) This is the three main issues on raising wages.

For a while, the national debate has focused on raising the federal minimum wage. The current minimum wage is $ 7.25. Former President Obama insists on gradually raising the minimum wage to about $ 10 hourly wage. Recently the Congressional Budget Bureau reported that there are several advantages on both sides of the discussion due to the strengths and weaknesses of raising the minimum wage. The Congressional Budget Bureau thinks that the main advantage or benefit of raising the minimum wage is to raise hourly wages to around $ 10.10, which could raise up to 900,000 people from poverty. These figures come from the poverty rate of the current low wage workers in particular. By raising the minimum wage of nearly $ 3 per hour, these workers can better support themselves and their families.