Reflection paper

THE FIFTEEN DOLLAR MINIMUM WAGE

Gege Yan

Introduction

The minimum wage change

The bill being proposed by democrats, has been received negatively by republicans.

The US government democrats currently has 50 votes in the senate

The vote is likely to be successful

Democrats and republicans argument

There are many republicans opposing the bill

For example, Senator Tom Cotton and Mitt Romney

Republicans argue that the increase should happen at all

Democrats argue that the coronavirus has borne huge financial burden to citizens

Advantages of increasing minimum wage

It would narrow the racial gaps.

This would improve infant health and reduce child abuse and teenage pregnancy

Will lead to increased employee retention and reduced hiring and training costs.

Poverty reduction.

Fuel economic growth.

Save taxpayers money and reduce use of government programs.

Finally doing so will finally solve the top 1 percent and CEOs contributing to Americas growing inequality crisis.

conclusion

29 states in the United States already have a minimum wage higher than that of the federal level

The minimum wage increase will benefit all low-income earners in the U.S.

Contrary to opposers opinion, raising the minimum wage does not lead to job loss.

Reference

www.wsj.com/articles/many-businesses-support-a-minimum-wage-increasejust-not-bidens-15-an-hour-plan-11614604077

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