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an amount of money that is the least amount of money per hour that workers must be paid according to the law

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an amount of money that is the least amount of money per hour that workers must be paid according to the law

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Pro: could reduce gender/race based income inequality.

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Pro: could reduce gender/race based income inequality.

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29 states plus the District of Columbia and nearly two dozen cities and counties, have set their own higher minimum.

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29 states plus the District of Columbia and nearly two dozen cities and counties, have set their own higher minimum.

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A con of minimum wage increase would be that it would harm small, independently owned stores.

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A con of minimum wage increase would be that it would harm small, independently owned stores.

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It is good that people make more in an hour. The poverty or lower class can afford their life. However, their saving is less

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It is good that people make more in an hour. The poverty or lower class can afford their life. However, their saving is less

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-If we increase minimum wage, then the cost of everything will increase with it.
-People are unable to pay their dues if they do not make enough money working a minimum wage job.
-In the past all you needed to survive was a minimum wage job, but now we need two or more jobs

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layoffs, price increase, fewer hiring/more competition, applied inconsistently

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Most people who benefit from minimum wage increase are adults in their 30's.

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Minimum wages increase mean daily expenses increase too 

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Minimum wages increase mean daily expenses increase too 

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Minimum wages particularly stifle job opportunities for low-skill workers, youth, and minorities, which are the groups that policymakers are often trying to help with these policies.
Cato Institute

The Negative Effects of Minimum Wage Laws

Mark Wilson

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Young adults under the age of 25 working 9 to 5 jobs. 

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Young adults under the age of 25 working 9 to 5 jobs. 

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Employees try to work extra time to earn overtimes rate

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Employees try to work extra time to earn overtimes rate

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By 2021, the minimum wage will be around 15 dollars an hour

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Economic stimulus, job opportunity, decreased turnover rate, inflation

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Instead of employer paying 3 employees $10/hr = $30/HR FOR LABOR, Employers will pay 2 employees $15/hr= $30/HR FOR LABOR 

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Instead of employer paying 3 employees $10/hr = $30/HR FOR LABOR, Employers will pay 2 employees $15/hr= $30/HR FOR LABOR 

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Increase in unemployment rate

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businesses lay people off and make less workers do more work in their hours

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businesses lay people off and make less workers do more work in their hours

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over half of all workers who earn minimum wage are under the age of 23

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Who is involved by a minimum wage increase

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Who is involved by a minimum wage increase

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Anyone who works at job where they are payed hourly, not salary. Employers, tax payers, business owners.

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Minimum wage increase is the growth of the lowest wage per hour a worker can be paid, as mandated by federal law.

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Minimum wage increase is the growth of the lowest wage per hour a worker can be paid, as mandated by federal law.

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Almost everyone in the economic loop is affected by the minimum wage increase. From the workers to business owners to even regular consumers

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Increase economic activity and job growth

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It affects workers earning wages near that threshold

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Employers reduce the amount of employees working at one time in order to compensate for the increased pay rates

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Employers reduce the amount of employees working at one time in order to compensate for the increased pay rates

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Accelerate workers to work harder and product more high quality products

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Accelerate workers to work harder and product more high quality products

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More people are able to afford more or better living essentials for themselves as well as their families.

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Workers make more money during a shift. 

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Workers make more money during a shift. 

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Less people are employed due the cost of workers for business owners

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The economic growth affects the minimun wages

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The economic growth affects the minimun wages

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The increase of the legal amount you are required to be payed by law per hour.

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The minimum wage increase in 2017 is $10.50. 

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The minimum wage increase in 2017 is $10.50. 

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the growth of the lowest wage permitted by law or by a special agreement 

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the growth of the lowest wage permitted by law or by a special agreement 

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According to projections by the California Department of Industrial Wage Relations, minimum wage is projected to be at $15 by 2023

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The individuals of a market are affected by a minimum wage increase in several ways. The businesses that pay employees will have decreased profits inevitably due to having to pay more for their labor. The employees themselves will benefit by receiving larger pay amounts, but may be faced with other situations such as reduced hours, in an attempt by the employer to reduce labor costs. 

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The individuals of a market are affected by a minimum wage increase in several ways. The businesses that pay employees will have decreased profits inevitably due to having to pay more for their labor. The employees themselves will benefit by receiving larger pay amounts, but may be faced with other situations such as reduced hours, in an attempt by the employer to reduce labor costs. 

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The minimum wage increase is the lowest remuneration that employers can legally pay their workers.

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The minimum wage increase is the escalation of the amount of money earned by workers in the U.S.

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The minimum wage increase is the legal wage that employers can pay their workers.

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In California of 2017, the minimum wage will increase from $10 to $10.50

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It's the increase of minimum money you get when you work for an hour

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It's the increase of minimum money you get when you work for an hour

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The growth of the minimum amount of currency that can be paid out to employees in the workplace. 

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The growth of the minimum amount of currency that can be paid out to employees in the workplace. 

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It's raising the least amount of money an employer can pay an employee.

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It's raising the least amount of money an employer can pay an employee.

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Oxford dictionary tells us it is the "lowest wage 

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Oxford dictionary tells us it is the "lowest wage 

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permitted by law or by a special agreement (such as one with a labor union)"

Webster adds it is a "wage fixed by legal authority or by a contract as the least that may be paid."

Urban dictionary provides the chatter in society regarding the minimum wage.

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Here is an analogy for minimum wage increase:

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Here is an analogy for minimum wage increase:

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Example: It's like rungs/steps on a ladder. If you remove the bottom rungs, then how can people climb to success?

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Double-click under each of the following boxes to add some information you found about minimum wage increase ...

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Double-click under each of the following boxes to add some information you found about minimum wage increase ...

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Use Wikipedia, do Google searches, use whatever resource you want to ...

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Here are some interesting facts about minimum wage increase:

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Here are some interesting facts about minimum wage increase:

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Who/what is involved/affected by a minimum wage increase?

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Who/what is involved/affected by a minimum wage increase?

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What are some of the various perspectives on minimum wage increase?

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What are some of the various perspectives on minimum wage increase?

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Definition (one sentence): What is the minimum wage increase?

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Definition (one sentence): What is the minimum wage increase?