Should the government raise the federal minimum wage?
I think this is true. The amount of inflation this country has seen since COVID is out of control.…
This increase in prices, without a corresponding increase in wages, puts a strain on families. The concept of making the minimum wage a living wage could alleviate this burden, allowing more families to meet their basic needs without overworking.
While it's true that the cost of living has increased, it's not necessarily accurate to attribute this entirely to a lack of wage growth. Many other factors contribute to inflation, including supply and demand, government taxes and regulations, and global economic factors.
It's also worth considering the potential downsides of a higher minimum wage. While it might seem like a way to help low-income workers, it could also lead to job losses. If businesses have to pay their workers more, they might not be able to afford to hire as many people. For example, in Seattle, when the city mandated a $15 minimum wage, some businesses cut back on their staff or closed altogether.
