The Economic Impact of Raising the Minimum Wage

"The exciting speech of Franklin Roosevelt in 1937 was that Congress" pocket, inadequate clothes, malnutrition "and one third of Americans got the minimum wage of the 1938 Fair Labor Standards Law I called for help. Senator Edward Kennedy (1989: S14707) stated that the minimum wage should be wage for workers in criticism against the recent increase in minimum wages, women ... they tried. Provide food for your family, provide food and clothing to your children, warm your home, and [and] pay mortgage.

Economic research to investigate the impact of minimum wage is increasing more and more in the past 15 years. Economists no longer look at the unemployment rate as an inevitable consequence of raising the minimum wage. This survey supports the 2012 statement of New York Mayor Bloomberg. "Improving the minimum wage will provide cash that is highly necessary for over 1.2 million New Yorkers using extra dollars at local shops." "Through living wages, I do not mean just maintaining a self-sufficiency level - I mean a decent life wage." In 1933, President Roosevelt stated that the first minimum wage was 5 years of the law I mentioned that it was before. Recently, it is nothing but a living wage. Those working full-time with federal minimum wage earn only $ 1,580 per year annually - even two families are under the poverty line. In the case of a minimum wage earner for a family of four, the full-time salary is below $ 9,000, or $ 23,850, on the poverty line.

In 2013, a diverse group of 37 professors of economics investigated views on the impact of minimum wage on employment. 34% of respondents agree that "raising the federal minimum wage to 9 dollars per hour makes it hard to find a job". I do not agree with 32%, the rest answered this question I do not know, or no opinion. 47% agree with the statement that "the federal minimum wage will be raised to 9 dollars per hour and the distortion cost compared to inflation will be compared to the profit of unskilled workers who can find work" . This is an ideal policy, 11% opposed

People took economics course and was very smart. According to a survey conducted by the Economic Policy Institute, raising the minimum wage to 10.10 dollars in 2016 will bring the federal minimum wage back to the same inflation adjustment as in the 1960s and the gross domestic product will increase. $ 22 billion. We have created 85,000 new new jobs. In Japan, I believe that more teenagers work at Chick-fil-A than any other age group. We have many teenagers to benefit from scholarships and leadership training (because good companies are complaining about their investment in their employees). However, the average age of fast food workers is 35 years, 55% workers are working full time (this is one of the weeks when I work for 40 hours).