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Raising The Minimum Wage?

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The topic of raising the minimum wage has many different viewpoints. It is thought to be affected negatively and positively. Some believe it increases unemployment and poverty. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy. Doug Hall, director of the Economic Analysis and Research Network and David Cooper, Economic Analyst at the Economic Policy Institute, expressed how the increase in minimum wage affects certain genders, families, education backgrounds, ages, and the economy (Hall & Cooper, 2014). It is said that the increase mainly affects women with a compromising percentage of 54.5 (Hall & Cooper, 2014). It affects at least 20 year olds and mostly white workers. The increase in minimum wage also affects workers with a college degree or higher more than those with a high school diploma. It also affects low to moderate-income families and those who work full time. Hall and Cooper believe that the rise in minimum wage will not cause job losses, but create jobs. They also believe that the workers will spend their extra earnings and those who make close to but higher than the minimum wage will, “receive boost in earnings due to “spillover” effect, giving them more to spend on necessities” (Hall & Cooper, 2014). They believe this will help with economic growth. Holly Skylar, Director of Let Justice Roll Living Wage Campaign, which is an organization that seeks to raise minimum wage, believes

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