A new contentious topic emerged from the Occupy protests: minimum wage increase to $15/hour in Seattle. After analyzing much of the available data, I concluded that it is generally good for the economy. The Congressional Budget Office estimates that if the minimum wage nationwide is raised to $10.10/hour, every job that is eliminated as the result of the increase will be matched by 30 or more jobs with higher pay, also because of the increase.
Now, I am supposed to write about family and parenting, where this subject becomes personal. I believe that every employed person in this country deserves dignity and respect. Hard-working moms and dads come home and try to be the best parents for their kids, to put quality food on the table and to make their lives as carefree as possible. How are they to do this if they have to work two and sometimes three jobs just to afford housing and cheap, not very nutritious food? There is something wrong with this picture and we should fix it. Please find below the reasons why raising the wage floor to $15/hour will not have dire consequences and may even help local economy grow, creating more jobs.