The United States economy is a huge economy and it is home to 320 million individuals and a 16 trillion dollar economy. With such an incredible monetary size, it is a shaky framework that can get out of hand easily. The innumerable factors that can change and totally alter that framework that all Americans work with today. These alterations can open up several paths for the U.S. economy, change individuals lives as well as lead the economy to dive downhill. Low-wage class laborers have raised their voice and keep on fighting for a raise of the standard of the minimum wage. Such protests that are started by many persevering individuals that are living off their week by week check and with no additional income left finished. The United States is encountering an exceedingly disputable subject that is, how does raising the minimum wage for low-salary laborers influence the economy's work, development and whereabouts? …show more content…
Measurements and information outline that if the minimum wage is expanded there will be more occupations created and in this way increment the work rate. Actually, "increasing the national minimum wage from $7.25 to $9.80 would result in a net increase in economic activity of approximately $25 billion and would generate approximately 100,000 new jobs" (Cooper and Hall, Poverty2014). Clearly, if there are more occupations made there will be more individuals earning cash. Which prompts all the more sending on goods and services. Additionally, the main contribution of more occupations, profit and spending will lead and direct the economy into the right way to build itself up over time. Huge imposing businesses like McDonalds and Walmart increases the wage of their staff however then goes and raises the cost of products and services, subsequently prompting no impact to the economy at