Discussion on Federal Minimum Wage

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An increase to the federal minimum wage is a widely debated topic and a prominent concern of employees. This issue must be addressed by policy makers and compensation professionals. After reading chapters one and two of the textbook, please answer the following question: Should the local, state, or federal government raise the minimum wage? Discuss the overall impact to employees, employers, society, and the ripple effect caused by this action. Support your argument by referencing a law that applies to minimum wage. Conduct research and provide evidence to support your statements.

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The federal minimum wage refers to the lowest pay per hour that employees should be paid as mandated by the law. The local, state, and federal government should raise the minimum wage. It is because of an increase in minimum salary stimulates consumer spending. The circulation of money in the economy…

 

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