Is the fight for $15 in trouble?

You may have heard of the Fight for $15 in Missouri. This nationwide movement is trying to change minimum wage in the country to $15 an hour. There has always been concern from those opposing the movement that it would raise the cost of living and put smaller businesses in bad financial situations. According to Forbes, these concerns are becoming a reality in some places and making the future of Fight for $15 uncertain.

The studies of the impact in a raise of minimum wage are being done in Washington state, but they are relevant to every state. Studies have shown there has been a reduction in the worforce for minimum wage workers and a reduction in hours for already employed individuals. So, the overall impact for those the wage raise was supposed to help was actually negative. Some likely lost their jobs, while others had their hours reduced, so their pay didn't go up at all and may have went down.

Many lawmakers around the country have rejected a minimum wage increase to $15 because of strong concerns for small businesses that might be unable to afford such a wage hike. This was backed up by research that showed smaller businesses tended to close at higher rates in areas where the minimum wage was raised.

While the study has not been completed, it will likely have a huge impact on the Fight for $15. It is already swaying opinions, and if it continue along the same path as it currently is, it is expected to change the minds of many of those in power once the final results are released . This information is only intended to educate and should not be interpreted as legal advice.

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