Bergen County, NJ -02/20/2014
Raising the Federal minimum wage to $10.10 an hour would mean an increase in wages for 28 million workers in this country. That would mean an improved quality of life. For New Jersey resident Anthony Amado, who has seen what living on a minimum wage income means, through experiences volunteering that seems like a no brainer.
However, critics are arguing that raising the minimum wage could also potentially cause the loss of 500,000 jobs. Job loss would be imminent due to payroll costs going up for employers. However, that could balance out with less turnover and higher productivity if employees are making more money.
One of the key points made by those in favor of increasing the minimum wage is that the increase would potentially bring 900,000 people currently making $7.25 an hour, out of poverty. Anthony Amado that seems like a good enough reason to certainly increase the minimum wage.