Indledning
The minimum wage has arguably become the most controversial topic regarding our economy today, as it influences one of the largest classes of people within the United States, the working class.
Furthermore, the constant debate concerning whether the minimum wage should be raised or kept the same has been forever long.
The federal minimum wage was first introduced in 1938 as a part of the Fair Labor Standards Act, and since first being introduced, it has been changed several times by Congress.
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Uddrag
However, other studies show that if the minimum wage is being doubled, seven million lower-wage jobs will go away.
Some believe that businesses should be able to decide for themselves whether they want to increase their minimum wage or not.
If the government chooses to increase the federal minimum wage, it may trap some people in poverty, because they might lose their jobs.
Furthermore, it will affect the economy, because higher income is often correlated with higher prices, which means that low- and middle-class workers will have smaller available amount of money.
Also, labor-intensive industries might lose competitiveness and that will not only affect the businesses but the whole country.
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