Minimum Wage Brad Henry

Effect of different groups Media- the media effects the minimum wage by giving false information that raising minimum wage will give employers more money when it only causes cut backs and a raise in price Public opinion- public believes that raising minimum wage will not cause any cut backs so they fight to raise it until the smaller local companies have to start letting people off because they cannot keep up with the higher pay rates Political parties- disagree with the public opinion and fight to say that by raising minimum wage causes inflation and a raise in prices Interest groups- interest groups fight to raise minimum wage in bigger corporations because they do not realize that the smaller companies will not be able to keep up

Background Raised 22 different times the very first minimum wage was set at 25 cents in 1938 since 1939 the minimum was raised about 5 cents every few years in 1997 the minimum wage was set at $5.15 and lasted till 2016 which is the longest lasting minimum wage so far and then jumped to $6.55 by 2008

Success or Failure Media- media has success in raising minimum wage by showing the bigger companies that raised their wages on TV but they do not show the smaller companies that are affected by it Public opinion- they only get to see the big companies that can afford to raise minimum wages so they think they are winning the battle Interest groups- believe they are successful when all the big companies raise their minimum wage but they do not see the smaller companies that fail because the media doesn’t show those ones Political parties- worry about inflation and fight to lower minimum wage but the only people who get elected are the ones that say they want to raise minimum wage because that is what the people want

Title and Content Layout with SmartArt Step 1 Title Task description Step 2 Title Step 3 Title

Major Questions Will raising minimum wage again create inflation? Will raising the minimum wage create job cuts? How will raising the minimum wage effect the price of goods in the market?

Future Implications Many big corporations have already raised there minimum wage as high as $10/an hour but that is because they can afford to. If the government passes the law to raise minimum wage to $10.10/hour then many smaller companies that struggle to pay the bills will have to make more cut backs and raise the prices of their goods. Overall this will cause fewer jobs and more expensive products so things will be in even worse shape.

Reference http://money.cnn.com/interactive/economy/minimum-wage-since- 1938/ http://davidcard.berkeley.edu/papers/njmin-aer.pdf http://www.ncsl.org/research/labor-and-employment/state- minimum-wage-chart.aspx http://www.dol.gov/dol/aboutdol/history/flsa1938.htm http://poverty.ucdavis.edu/faq/what-history-minimum-wage