$15 Minimum Wage: How have SMBs Been Affected?
The text “$15 Minimum Wage: How Have SMBs Been Affected?” is an article written by Adam Uzialko and published on the Business website in June 2020.
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Information in this source
The source contains information about the pros and cons of raising the federal minimum wage in the US.
Pros of raising the minimum wage: Helps adjust for inflation
The source says that raising the minimum wage might help making it keep up with inflation. Since 2009, when the federal minimum wage was last raised, its value dropped significantly because of inflation. This translates to “an increase in costs of living, including housing, transportation, utilities and necessary goods like groceries” (ll. 22-23). Therefore, a rise in the minimum wage would help ensure that people on minimum wage c...
