Seeds: In 2015, thousands of workers flooded the streets in the nation's most prominent cities to protest the minimum wage. Using the tagline “Fight For $15,” the protesters argued that the current minimum wage does not allow workers to live above the poverty line, and for that reason, it should be raised to a livable salary.
Core: On Tuesday Governor Chris Christie of New Jersey vetoed a bill that would raise the minimum wage to $15 an hour, calling it "really radical." In April, California became the first state to raise its minimum wage to $15 an hour, more than double the federal minimum wage of $7.25. The bill passed with a 26 to 12 majority vote, and it was be signed into law by Governor Brown. The plan will increase the minimum wage by $1 every year until 2022. Furthermore, it promises to keep up the cost of living, and inflation, after 2024.
Skin: Some, mainly Democrats, argue that a raise of the minimum wage will cause the ever growing wealth gap to decrease, and that it will encourage cash flow, aiding the economy and the American public as a whole. Others, mainly Republicans, believe that the increase of the minimum wage will cause small businesses to fail, resulting in more layoffs and a higher unemployment rate.
Leaves: Currently, it seems New York and DC may be the next areas to raise the minimum wage. As of this moment, time will only tell whether increasing the minimum wage will positively or negatively affect the economy, as no change this large has occurred in the United States’ history.
Food For Thought: Do you think the minimum wage should be raised? Do you agree with Governor Christie's statement? Do you think it will help or hurt the economy in California?