Minimum Wage

Cindy Teodoro

Minimum wage is the minimum amount of money an employee receives for performing labor. Minimum wages are usually settled by the government. The federal minimum wage is $7.25 in some states the minimum wage is higher and in others it's lower than $7.25


http://www.investopedia.com/terms/m/minimum_wage.asp

The Impact of Minimum Wage on the US

The federal minimum wage in the US is $7.25 per hour, the impact of this on people is that people get low income which is not helping out the United States economy grow, the minimum wage also has some families living in poverty. In 2015 the minimum wage will go up to $10.00 per hour in some states not all of them. The minimum wage has American families receiving benefits from the government like food stamps and others.

Minimum Wage & Supply and Demand

Minimum wage & Supply and Demand are related because you have to supply your employer with a lot of product so you can get paid that's your demand. People are demanding a higher pay.
Big image

The picture above...

Big image

States that will increase their Minimum wage in 2015

In 2015 20% will increase their minimum wage and other states will stay at the federal minimum wage and a few will be under the federal minimum wage next year.


http://www.cedrsolutions.com/wp-content/uploads/2014/09/2015-Large.png

Big image

Increase Minimum Wage

The picture means that the living wage is high so they minimum wage is not enough and it should be increased.


http://3to1z93m5aspz1tlz1zcsjta2m.wpengine.netdna-cdn.com/absociology101/wp-content/uploads/sites/304/2014/06/Increase-in-Minimum-Wage.jpg