Minimum wage is set so that it forces businesses to have a lowest hourly pay and no one is cheated out of their money. Right now it is a hot topic in San Diego as well as Seattle because it is so expensive to live their, that people are not even getting by with the minimum wage now. It affects many residents in San Diego and Seattle because they have many retail and fast food franchises and their lives could be changed dramatically if these businesses choose to raise their wages. San Diego has just raised their wage from eight dollars to nine dollars and they are still thinking about raising it to ten dollars in two thousand sixteen. Also the city of Seattle has changed their minimum wage to fifteen dollars, which is the nation's highest. The idea …show more content…
If wages go up that means businesses will have to layoff some of their workers and increase product prices. If this happens then many lose their job and only some people are thriving while the other people hunt for a job and struggle to survive. Also it means less money for certain businesses because they thrive on people wanting to buy their cheap products and those people wouldn’t have as much spending money, since the products prices would raise. But there is also a good side to raising minimum wage, Ron Unz, a political activist, says that raising the minimum wages would save taxpayers millions of dollars since people would not use food stamps as much, which would help the economy. Increasing wages could also help the gap between for opportunities between rich and poor. Also, for people at or a little above minimum wage it would add fourteen hundred dollars yearly to their average pay making that an additional two-hundred sixty million dollars a year into the local economy (Gorman). This could help the economy a ton since California had a drop recently. Although it seems like a great idea for workers who need extra cash, it could actually come back to hurt