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An increase to the federal minimum wage is a widely debated topic and a prominent concern of employees. This issue must be addressed by policy makers and compensation professionals. After reading chapters one and two of the textbook, please answer the following question: Should the local, state, or federal government raise the minimum wage? Discuss the overall impact to employees, employers, society, and the ripple effect caused by this action. Support your argument by referencing a law that applies to minimum wage. Conduct research and provide evidence to support your statements.

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However, the overall impact of increasing minimum wages can be detrimental to businesses, workers, and society. It results in increased prices for items, which raises the cost of living for people in the community. Employers are forced to increase the prices of goods and services to support the rise in labour costs. The ripple effect of an increased minimum wage is that it affects workers who earn near that threshold. The impact occurs when those who are earning slightly above the minimum pay experience a raised salary. Therefore, this implies that many employees will encounter the ripple effect of higher minimum wages. The Fair Labor Standards Act (FLSA) was created by Congress to allow low-income households to receive a much-needed boost to their earnings (Brown and Hamermesh, 2019). It will help improve their livelihood because a substantial number of individuals belong to this group. Therefore, policymakers should consider the increasing minimum wage magnitude since it allows low wage workers to lead an economically secure life.

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