Question

Pick a side and argue for or against raising the minimum wage. Use your knowledge of price floors and find an article to back up your point of view. If the minimum wage from 1961 had been adjusted for inflation, it would be $22 per hour today. The Massachusetts minimum wage will rise to $15 an hour over five years, and a new paid family and medical leave program will be introduced, under a bill Gov. Charlie Baker signed into law. Massachusetts is now the third state — after California and New York — with a pay floor on the way to $15 an hour. The Massachusetts Budget and Policy Center, which advocates for higher minimum wages, has estimated that a quarter of the Massachusetts workforce — about 840,000 workers — would see raises as a result of a $15 minimum wage by 2023. Opponents of higher minimum wages say they just increase labor costs, which force employers to then raise prices and/or cut other wages, benefits or jobs. Some proponents of higher pay floors also worry about the untested $15 minimum in locations outside high-cost labor markets. The new law will also raise the minimum wage for tipped workers, over five years, to $6.75. In addition, the measure — over the same five years — phases out time-and-a-half pay for Sunday and holiday hourly workers. Massachusetts and Rhode Island are the only states that mandate time-and-a-half for Sunday workers.

Answer 1

NEED OF INCREASE IN THE MINIMUM WAGE PER HOUR IS BASICALLY FOR ----

- Workers in many skilled jobs—widely considered to be middle-class jobs—struggle to get by on less than $15 an hour today and would benefit from a $15 minimum wage

- The typical worker who would benefit from a $15 minimum wage is a 35-year-old woman with some college-level coursework who works full time​​​​​​​

-  The benefits of gradually phasing in a $15 minimum wage by 2024 would be far-reaching, lifting pay for tens of millions of workers and reversing decades of growing pay inequality

YES , I M IN THE SIDE OF THE RAISE IN THE MINIMUM WAGE RATE PER HOUR BECAUSE -

• Gradually raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers— 26.6 percent of the U.S. workforce.
• Affected workers who work year round would earn an extra $3,000 a year—enough to make a tremendous difference in the life of a preschool teacher, bank teller, or fast-food worker who today struggles to get by on around $20,000 a year.
• Two-thirds (67.3 percent) of the working poor in America would receive a pay increase if the minimum wage were raised to $15 by 2024.
• A $15 minimum wage would begin to reverse decades of growing pay inequality between the lowest-paid workers and the middle class. For example, failure to adequately increase the minimum wage accounts for 48 percent of the increase in inequality between women at the middle and bottom of the wage distribution since 1979.4
• A $15 minimum wage by 2024 would generate $120 billion in higher wages for workers and would also benefit their communities. Because lower-paid workers spend much of their extra earnings, this injection of wages will help stimulate the economy and spur greater business activity and job growth. ​​​​​​​

The main benefit with this is there will be a gradual growth in the economy of the country as a whole . The country will grow together in every prospects and in every factors of developments .