Should the federal minimum wage be increased essay?
A bill increasing the current minimum wage is greatly needed, and our government officials should demand a raise due to the increase in the cost of living, as it’s no longer realistic. Without some sort of help and support from our government the economy will only get worse. …
Would a $15 minimum wage cause inflation?
Key Takeaways. Raising the minimum wage has been both an social-economic and political issue for decades, with recent pushes to raise the federal minimum wage to $15/hr. Some economists argue that raising the minimum wage artificially creates imbalances in the labor market and leads to inflation.
Is a 3 percent raise good?
Typical merit raises over the last few years have hovered around the 3% mark. While that’s nothing to celebrate, it should meet and slightly exceed the inflation levels that make everyday goods and services from eggs to health care go up year after year.