Matthew Stanley

English-112-0007
Omayra Cruz
October 29, 2016
Annotated Bibliography
$15 Minimum Wage Increase Annotated Bibliography
Maverick, J.B. What Are the Pros and Cons of Raising the Minimum Wage?
Investopedia, 5 Sept. 2016. www.investopedia.com/articles/marketseconomy/090516/what-are-pros-and-cons-raising-minimum-wage.asp.
This article discusses the pros and cons to raising the minimum wage to $15 per hour.
This is a long time debatable issue. Per the author, advocates of raising the minimum wage
believe the increase would reduce the need for federal and state expenditures being paid out
currently. Advocates think increasing the federal minimum wage would encourage employees to
stay which reduces hiring and training costs. It is thought that consumer spending will increase
because they will be paid more per hour and have more money to spend. By consumers spending
more, retailers and businesses would benefit. The author goes on to tell how the increase in
minimum wage may cause these same businesses to increase their prices to the public which
would affect inflation. According to the 2013 Congressional Budget Office, an increase to just
$10.10 per hour would cause 500,000 jobs to be lost. Overqualified workers would take these
jobs away from those unskilled because of the increase. Finally, opponents of the increase argue
that outsourcing could become more popular which will cause the American worker to be out of
a job.

ValueWalk: The True Cost of Raising the Minimum Wage, Newstex, Chatham, 2015.
Ezproxy.waketech.edu/login? url=http://search.proquest.com/docview/1712463994?
accountid=15152.
In this article, the author gives examples to what has happened to wages being raised in
the past. It further gives examples of what can cause the loss of jobs which is an increase in
minimum wage. This author does not believe there will be lots of businesses closing as other
articles regarding this topic imply. He does believe machines will begin to take human jobs more
quickly because the increase in minimum wage will be so expensive for employers to pay out to
human employees.
"ProCon.Org Debuts New Minimum Wage Website Showing Pros, Cons, and History of
Minimum Wage Debate." U.S.Newswire, Washington, 2016.
ezproxy.waketech.edu/login?url=http://search.proquest.com/docview/1779025297?
accountid=15152.
This is a short article that explains the history of how the state minimum wage began as
well as the federal minimum wage. The state minimum wage law was developed to help women
and children to not be taken advantage of. This happened in 1912 and lasted until 1930s. The
first federal minimum wage law was created in 1938 and this law included men, women, and
children. It affected 2.5 million Americans and those affected included about fifty-five percent of
those over twenty-five years old. The author also noted that Washington, DC and twenty-nine
other states currently have state minimum wages in place above the federal minimum wage
which is $7.25 per hour.