Blog Stage 3

http://www.nytimes.com/2014/02/19/business/mixed-results-in-us-study-of-increasing-minimum-wage.html?ref=us

Minimum Wage Increase: Mixed Effects

The article I read was called Minimum Wage Increase Would Have Mixed Effects by Annie Lowery I found this article to be fairly interesting because of the arguments made by both sides seem so valid! In the article, the argument being made is wither the increase in minimum wage would help or hinder the economy.The article states that it would do both.The Democrats are for the raise in minimum wage because they believe it would "lift one million Americans out of poverty, and help build an economy that works for everyone" The Republicans are skeptical and believe that it would "destroy as many as one million jobs , which would be hurting the very people whom we are trying to help". The truth is both of these arguments are in fact true. In my opinion, the numbers for an increase in poverty seem to be greater than the risk of job loss.  Moreover, the article also states that raising minimum wage would "raise reduce employment by $100,000, but it would also push $300,000 people over the poverty line." It seems to me that the risk is worth the reward. I think although the raising of minimum wage could potentially lead to business loss, it would also provide people with more stability in the economy. I suppose it could be argued both ways.The arguments made in this article are both realistic. I think whatever the outcome will be, it will effect our economy in a major way. Which is what this article explains. Overall, I think that the raising of the minimum wage would lead to a greater outcome, which is worth the risk.