Whether or Not the Federal Minimum Wage Should Be Raised to $15 per Hour Case Study

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Case Study
 ‘Whether or Not the Federal Minimum Wage Should Be Raised to $15/Hour’  

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Belman, D., & Wolfson, P. (2014). What Does the Minimum Wage Do? Kalamazoo,
Michigan: W.E. Upjohn Institute. Retrieved April 16, 2020, from
www.jstor.org/stable/j.ctvh4zgf2
This book introduced minimum wage and effect through different way.
Card, D., Krueger, A. C. (1993, October) Minimum Wage and Employment: A Case
Study of the Fast Food Industry in New Jersey and Pennsylvania
https://www.nber.org/papers/w4509
In 1992, minimum wage increased in NJ, compare to PA the employment rate in NJ
fast food industry increased 13%.
Congressional Budget Office (2014) The Effects of a Minimum-Wage Increase on
Employment and Family Income. (2014, February 18). Retrieved from
https://www.cbo.gov/sites/default/files/113th-congress-20132014/reports/44995-MinimumWage_OneColumn.pdf
This article wrote the effects on family when minimum wage raise and the federal
budget for minimum wage
Cooper, D. (2014) Raising the Federal Minimum Wage to $10.10 Would Save Safety
Net Programs Billions and Help Ensure Businesses Are Doing Their Fair Share.
Retrieved October 16, 2014 https://www.epi.org/publication/safety-net-savingsfrom-raising-minimum-wage/
This article wrote about when the minimum wage increases from 7.25$ per hours to
$10.10 per hours, it will push the employment rate increase. Also, changing in
minimum wage will have effects on society and government.
Cooper, D., Schmitt, J., & Mishel, L. (2015, April 30). We Can Afford a $12.00
Federal Minimum Wage in 2020. Retrieved from
https://www.epi.org/publication/we-can-afford-a-12-00-federal-minimum-wagein-2020/
Writers assumed that what happened in 2020 when minimum wage increase to $12,
and now is 2020,
Cooper, D., Hall, D (2012) How raising the federal minimum wage would help
working families and give economy a boost. Retrieved August 14, 2012

How raising the federal minimum wage would help working families and give the economy a boost


This article indicated when minimum wage increase, there are multiple positive
effects on individuals, families, and government.
Economists in Support of A $10.50 U.S. Minimum Wage (2013, July)
https://www.peri.umass.edu/fileadmin/pdf/resources/Minimum_Wage_petition_
website.pdf
Undersigned professional economists support increase federal minimal wage because
they think that it can increase the labor productivity and businesses can adjusted
small price and productivity to adapt minimum wage change.
Fiscal Policy Institute (2006), States with Minimum Wages above the Federal Level
Have Had Faster Small Business and Retail Job Growth, Retrieved March,
2006 http://www.fiscalpolicy.org/FPISmallBusinessMinWage.pdf
The benefit for small business when minimum wage increase
Hill, H. D., & Romich, J. (2018). How Will Higher Minimum Wages Affect Family
Life and Children’s Well-Being? Child development perspectives, 12(2), 109–
114. https://doi.org/10.1111/cdep.12270
Increasing minimum wage influenced children whose parent working at or near
minimum wage.
Kiger, P. J. (2019) Minimum Wage in America: A Timeline. Retricted from October
28, 2019 https://www.history.com/news/minimum-wage-america-timeline
The minimum wage history in America
Lordan, G., & Neumark, D. (2018, January 17). People versus Machines: The Impact
of
Minimum
Wages
on
Automatable
Jobs.
Retrieved
from
https://www.cato.org/publications/research-briefs-economic-policy/peopleversus-machines-impact-minimum-wages-automatable
This article talked about the unemployment related with machine because low-income
labor easily to be replaced by machine.
Reeves A, McKee M, Mackenbach J, Whitehead M, Stuckler D. Introduction of a
National Minimum Wage Reduced Depressive Symptoms in Low-Wage Workers:
A Quasi-Natural Experiment in the UK. Health Econ. 2017;26(5):639–655.
doi:10.1002/hec.3336
Income related to labors’ health.
Wilson, M. D. (2001, June 28). Who is Paid the Minimum Wage and Who Would be
Affected by a $1.50 per Hour Increase? Retrieved from
https://www.heritage.org/jobs-and-labor/report/who-paid-the-minimum-wageand-who-would-be-affected-150-hour-increase
This article tells readers who affected by minimum wage and how it affected.

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Explanation & Answer:
7 pages

Tags:
Minimum Wage

Deterioration

reasonable price

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