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Essay / Benefits of Raising the Minimum Wage - 981
It also means more taxes can be recouped at tax time. A lower minimum wage means employees have less time for their families and themselves because they will have to work more overtime just to get that extra money in their paycheck. Having little family time due to daily work can cause families to fight and separate. Overall, an increase in the minimum wage will make employees happy because they will be able to spend more time with their families. No overtime would be necessary unless they absolutely wanted to work more. This would reduce the enormous difficulty in providing for their families. It has not yet been proven that an increase in the minimum wage would lead to job losses. Yes, a higher salary would make the hair on the employer's neck stand up, but they should realize that a higher salary would reduce the amount of overtime they have to pay employees. Kimbra McCarthy in her article “Raising the Minimum Wage – Coming Soon to A Community Near You” mentions that “although the U.S. economy improved in the years following the Great Recession, the federal minimum wage remained at 7, 25 dollars an hour. since 2009. As of early 2016, 30 states and many local governments have adopted a minimum wage higher than the federal rate.”