Vice President Kamala Harris said she would make a $15 federal minimum wage

Raising the federal minimum wage to at least $15 an hour

Food for Thought:

The Case Against Raising Minimum Wage:

• Economic Impact: Elevating the minimum wage could inflate labor costs for companies. This might result in higher prices for consumers, workforce reductions, cuts in working hours, increased automation, and could contribute to inflation. Small businesses, in particular, might find these changes especially burdensome.

The Argument for Raising Minimum Wage:

• Worker Benefits: An increase in the minimum wage directly boosts the income of the lowest-earning employees, potentially enhancing their living standards. It could serve as a mechanism to reduce poverty by providing workers with a more substantial wage for their time, aiding in lifting them above the poverty line.