Does Raising Minimum Wage Help or Hurt You in 6 Minutes

Does raising minimum wage help or hurt you? That is the question that economists have been asking themselves over the past few years as cities like San Francisco and Los Angeles have been raising their minimum wages well beyond the federal minimum wage requirement. And while it may seem like a blessing, there are also some noteworthy consequences that recent studies have discovered. And while some say getting rid of the minimum wage in its entirety is the answer, others say we need to increase it federally to $15 an hour. But of course there are problems with both of these solutions.

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Credits:
Music: Mono: Massive – Attila

Sources:

Obama – http://www.nytimes.com/2013/02/13/us/politics/obamas-2013-state-of-the-union-address.html

Profit Over People – https://www.youtube.com/watch?v=fBbdO-dO1Cs

Pro Free Market Remove Minimum Wage Article – https://fee.org/articles/the-truth-about-the-minimum-wage/

Seattle Report – https://evans.uw.edu/sites/default/files/two%20page%20overview.pdf

Effects of Minimum Wage on Employment – http://www.frbsf.org/economic-research/publications/economic-letter/2015/december/effects-of-minimum-wage-on-employment/

Pre 1938 Working Conditions – http://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/working-conditions-factories-issue

Current Nike Factory – http://www.laborrights.org/in-the-news/six-cents-hour