The topic of minimum wage has been an issue in the US for quite some time now. The majority of voters are on the same page and agree that the minimum wage should be increased. However, there is a lot of pressure from lobbyists who support small businesses who in turn think that increasing minimum wage will place too much of a financial strain on them and will cause them to hire less workers. Minimum wage in the U.S. varies by state, however as per federal law – all states must have a minimum wage of at least $7.25.

The change in minimum wage since it was first introduced.

The solution to this issue will always remain unclear. However if look at the rate of poverty in the U.S. after the financial crisis; we can see that it is at an all time high. People are in desperate need of money and most of the people in the workforce are earning minimum wage. According to the article, studies show that when minimum wage is increased- the impact on employment levels is hardly affected. Lastly, if people have more money to spend, the economy will be impacted in a positive way. Therefore, I believe it is crucial that the minimum wage in the U.S. be increased.