Mitchell Pollack & Associates PLLC
Your Solution Starts With A Phone Call
866-400-7388

How would a substantial minimum wage increase affect our economy?


With United States political campaigning in full force for next year's presidential election, we are starting to see continual discussions regarding illegal immigration and how it affects Americans and the economy. One of the discussions tied to immigration is how immigrants affect labor laws in the United States. What defines a livable wage in the United States? How many workers are working off the books for less than minimum wage?

Though we will not try to answer these complicated questions in a blog, they are important questions to ask. And the answers would affect millions of American workers. As politicians weigh in on how to improve the economy and give hard-working folks a sustainable income, the topic of raising the minimum wage to $15 has become a relevant talking point.

Statistically, a worker with two children needs to earn a minimum of $30,135 annually to stay out of poverty. That amounts to $15 per hour for a traditional 40-hour work week. How would that affect the economy? Both sides raise valid points. On one side, businesses suspect that layoffs are inevitable if minimum wage were significantly raised to $15. Proponents of the pay raise state that the increase in wages will lead to an increase in local spending, which would address the concerns of business owners.

Regardless of what will happen with the election and what our politicians will ultimately do with the ever-evolving discussion of employee wages, it is important to always remember that the United States enacted fair labor standards to protect every employee's rights. And often it is up to the employee to make certain that his or her rights are not violated.

Source: Huffington Post, "The Morality of a $15 Minimum," Robert Reich, Accessed on Oct. 20, 2015

No Comments

Leave a comment
Comment Information
Email Us For A Response

Ready To Resolve Your Legal Issues

You have a business to run. The team at Mitchell Pollack & Associates is ready to tackle your legal needs so you can focus on your responsibilities. Call 866-400-7388 or use our online contact form to schedule a meeting.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Tarrytown Office
150 White Plains Road
Suite 310
Tarrytown, NY 10591

Toll Free: 866-400-7388
Phone: 914-610-3418
Fax: 914-332-9191
Map & Directions

Mahwah Office
220 Franklin Turnpike
Mahwah, NJ 07430

Toll Free: 866-400-7388
Phone: 914-610-3418
Fax: 201-529-4400
Map & Directions