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    Raising the minimum wage will be good for the economy because it will help take people out of poverty. If the wages go higher, then out of the 12 million that are in poverty 2 million will not be in poverty because of the amount of money that is made yearly and will raise them 5% above the poverty line. Increasing the minimum wage to $10. Would raise incomes for an estimated 12 million people now in poverty, lifting 2 million of them out of poverty.

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    Raising the minimum wage will be good for the economy because it will help take people out of poverty. If the wages go higher, then out of the 12 million that are in poverty 2 million will not be in poverty because of the amount of money that is made yearly and will raise them 5% above the poverty line. Increasing the minimum wage to $10. Would raise incomes for an estimated 12 million people now in poverty, lifting 2 million of them out of poverty.

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    8 views1 page

    J Molinaminimumwagepeet

    Uploaded by

    api-257548610
    Raising the minimum wage will be good for the economy because it will help take people out of poverty. If the wages go higher, then out of the 12 million that are in poverty 2 million will not be in poverty because of the amount of money that is made yearly and will raise them 5% above the poverty line. Increasing the minimum wage to $10. Would raise incomes for an estimated 12 million people now in poverty, lifting 2 million of them out of poverty.

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    © All Rights Reserved
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    JaasielMolina

    JulioAlicea
    Economics
    11/6/15
    Israisingtheminimumwagegoodorbadfortheeconomy?
    Raisingtheminimumwagewillbegoodfortheeconomybecauseitwillhelptakepeople
    outofpoverty.AccordingtoachartproducedbyCEA,Raisingminimumwageto$10.10would
    raiseincomesforanestimated12millionpeoplenowinpoverty,lifting2millionofthemoutof
    poverty.Ifthewagesgohigher,thenoutofthe12millionthatareinpoverty2millionwhichisa
    goodamountofpeoplewillnotbeinpovertybecauseoftheamountofmoneythatismade
    yearlyandwillraisethem5%abovethepovertyline.Gettingpeopleoutofpovertyisgoodfor
    theeconomybecausewhenpeoplehavemoremoney,theywillspendit,whichhelps
    businesses.Overall,increasingtheminimumwagewillbebetterforeveryoneintheirwork
    placesandeconomicallybecausemorepeoplewontbelivinginpoverty.Thepeoplethatdon't
    havemuchmoneywillstarttogainmoneywhichmeansthattheycouldspendmoneywhich
    helpstheeconomyincrease.

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