Should the government raise the minimum wage to $15 an hour?

Last year, cities across the country have promoted raising the minimum wage. There are many people among business owners that it says that it kills work for our youngest workers. Where are you standing? Should the government raise the minimum wage to $ 15 per hour?

Counterpoint (NO): Raising minimum wage, one million people will go out of work - Jonathon Trugman

If the minimum wage is not enough to survive, the solution seems simple: increase the minimum wage. This is exactly what the Ontario government suggested, raising the general minimum wage from $ 1.40 per hour on 1st January 2019 to $ 15 per hour. So, a significant increase in minimum wage can not solve all our problems? No, unfortunately the minimum wage is not a living wage. Living wage According to the Waterloo area: Ontario's minimum wage is basically the same whether you work in downtown Toronto or cheap town, it has nothing to do with actual living expenses. The living wages of each community are calculated based on actual living expenses, so the living wages will vary from city to city depending on the actual cost. In 2017 Kitchener's living wage was $ 15.42 an hour, higher than the minimum wage in 2019. Clearly, the minimum wage is not a living wage.

Wells Fargo & Co. decided to raise the minimum wage from $ 13.50 per hour to $ 15 per hour, affecting 86,000 employees. The PNC Financial Services Group has promised to raise the minimum wage to 15 dollars per hour by the end of the year. Also, it is the First Horizon National Corp. and the Truliant Federal Credit Union that raise their minimum wage.

Proposals to raise the minimum wage range from $ 10.10 per hour to $ 15 per hour. The current minimum wage is $ 7.25 per hour. Even an increase of up to $ 10.10 per hour is the greatest nominal increase since the catastrophic minimum wage of the Great Depression of 1938. World War II "repaired" the economic dilemma of the period, not the foolish social solution of the Roosevelt regime. In other words, raising the minimum wage can not solve the current economic problem. Indeed, there is evidence that the lowest level of minimum wage is in order.