Reaction Paper About Minimum Wage

855 Words4 Pages

Quote: Wages have accelerated modestly, and a growing proportion of firms said they expect to hike wages in the months ahead.

Reaction: I currently work a minimum wage job and in 2017, I was making $10.50 an hour, but after January 1st, I began making $11 an hour. Corporations must pay their employees the minimum wage to follow state regulations.

After reading this quote, I decided to research about the California minimum wage. The current minimum wage in California is $11 and will increase by a dollar every year until 2023. By 2023, the minimum wage in California will be $15 for business with 26 employees or more. California might be the first state to have the minimum wage reach $15. As minimum wage increases in California, the cost of living will increase such as housing, food, and healthcare. Raising the minimum wage to $15 is unnecessary because a minimum wage job is not a career and will not offer health benefits. Smaller Companies will lay off employees or close down because they’re unable to afford it.

Link: https://www.govdocs.com/california-15-statewide-minimum-wage/

Quote: Home sales continued to increase over the reporting period, and loan demand grew.
Reaction: The housing market in Sacramento is a sellers’ market but not a buyer’s market. The housing market will continue to have their ups and downs.
After reading this quote from the Federal Reserve Bank of Dallas, I researched about the housing market in Dallas, TX. In 2017, Dallas was ranked 12 out

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