Minimum wage is the lowest amount of money an employer can pay an employee, the minimum wage in North Carolina is $7.25 an hour. The minimum wage was first created in 1938 it started off at $0.25 an hour, and President Franklin D. Roosevelt passed the law on minimum wage. The minimum wage then went up 5 cents in 1939, it kept going up about 10 or 20 cents every time. In 2009, the minimum wage was then set to $7.25 and it has not changed since. There has been a bill that has been proposed to raise it to $15 an hour, but this bill has not been passed yet.
There are 63,000 people making minimum wage, and around 52,000 are making less than $7.25. If an individual works 40 hours a week while making $7.25 an hour, they would make around $290. Sources
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A change a business owner can make is advertise their business, advertising business could bring in more customers. Leading to making more money. Ways business could advertise is social media, sending coupons or advertisements in the mail. Having an ad in a newspaper, an advertisement on the radio, making flyers. Store owners could also have machines do the jobs of some employees, they would not have to pay as many people. Then the employer would be able to pay the employees more.Another thing employers could do is raise the prices of their products, so that they are getting more money from customers to pay employees.
When minimum wage employees make more and can afford to buy things they want and need, this brings more money to business owners and to the state. With raising the minimum wage you could get a positive attitude from employees and this would also make the customers happy, this could also bring more business in. A higher minimum wage for workers would take families out of poverty and have a positive effect on the economy. The changes it can make in the economy would be that people paying taxes would not have to pay as much because minimum wage workers would not have to use the programs like (SNAP) that they