1. The current minimum wage is $8.75.
2. With a higher minimum wage, we should have a lower poverty rate, because the people who are working at minimum wage will now have a higher income at their disposal. The cancellation of the training wage will help as well.
As for the employer, a higher minimum wage means that it is more expensive to hire more workers. This means there will be less jobs and competition will rise. The unemployment rate may rise as well. Also, because you will have higher expenses, employers will have to counteract this somehow. For example, they may increase the prices of their services or products.
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