Minimum wage is the minimal or lowest wage permitted by law. The big topic in politics and economics is whether or not it would benefit the economy and people to raise minimum wage.
Workers of fast food restaurants protest for a pay increase to $10.10 to $15/ per hour.
A majority of companies oppose the increase of minimum wage, because it will cause businesses to decrease the amount of workers, due to the fact that companies will not be able to afford as many workers.
The will cause a rise in unemployment. It will also cause businesses to raise their prices to make up for the rise in wages.
In the 2014 State of the Union address, President Obama called on Congress to raise the national minimum wage from $7.25 to $10.10 an hour, and soon after signed an Executive Order to raise the minimum wage to $10.10 for the individuals working on new federal service contracts.
What will the future of minimum wage be?