Table of ContentsExamining the Key TopicDeveloping the Topic Towards a ResolutionConclusionThe debate over raising the minimum wage has been a hot topic in recent years, with proponents arguing that it will help bring out the workers out of poverty and boost the economy, while opponents claim it would lead to job losses and inflation. In this essay, we will explore the history of the minimum wage, the key debates surrounding it, and how the topic evolved to a resolution. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayKey topic reviewThe minimum wage was first introduced in the United States in 1938 as part of the Fair Labor Standards Act . Since then, it has been periodically increased to keep up with inflation and the rising cost of living. However, the federal minimum wage has not been increased since 2009, leading to calls for an increase to $15 an hour to help workers make ends meet. Debates around the minimum wage have focused on its impact on businesses, workers and the economy as a whole. Supporters argue that raising the minimum wage will reduce poverty, increase consumer spending and spur economic growth. They also argue that it will reduce income inequality and help reduce the gender pay gap. On the other hand, opponents argue that raising the minimum wage would lead to job losses because businesses would not be able to pay higher wages. They also say it will lead to inflation and higher prices for consumers.Moving toward a resolutionIn recent years, several states and cities have taken matters into their own hands and raised their minimum wages above the federal level . Studies have shown that these increases have not led to significant job losses or inflation, and have actually helped improve the lives of low-wage workers. This has led to a growing consensus that raising the minimum wage is a necessary step to address income inequality and ensure that workers are able to support themselves and their families.ConclusionIn conclusion, the debate on the increase in the minimum wage is complex and multifaceted. While there are well-founded concerns about the potential impact on businesses and the economy, the evidence suggests that raising the minimum wage is a necessary step to ensure workers can earn a living wage. As we move forward, it is important to continue to study the effects of minimum wage increases and work to find a balance that benefits both workers and businesses. An example of the positive impact of raising the minimum wage can be seen in Seattle, Washington, where the city increased its minimum wage to $15 per hour in 2014. A study by Researchers from the University of California at Berkeley found that increasing the minimum wage led to an increase in wages of low-wage workers by 3.1%, without a significant impact on employment levels. This suggests that raising the minimum wage can actually help improve workers' lives without leading to job losses. Additionally, a report from the National Employment Law Project found that raising the federal minimum wage to $15 an hour by 2025 would benefit more than 40 million workers. in the United States, taking out millions.