Some states and cities have or have plans to raise the minimum wages to $15/hour. In July, the House of Representatives passed legislation to raise the federal minimum wage to $15/hour. There also have been many protests (especially in the fast food industry) over the past 2 years about setting a $15 minimum wage. Amazon has raised its minimum wage to $15, Target plans to have a $15 starting wage by 2020, WalMart is working toward $15, and Senator Sanders (Vermont) has been pressuring companies to raise their minimum wages to $15/hour. Discuss and analyze the economic implications about this topic. How does the political aspect of the debate affect the economic analysis?
Written on October 11th, 2020 by
Minimun wage
Posted in APA (edition "APA 6"), Business and Management