Income inequality has become a critical issue the past few years, with the top 3% reportedly possessing over half of all wealth. Cities like Los Angeles have attempted to resolve this issue by raising the minimum wage to $15, but many are doubtful that such increase will prove positive in the long term. The following infographic, created by New England College’s Masters in Public Policy Program, examines the potential impact that such increase could have, while also making note of another important statistics, such as the relationship between state’s minimum wage laws and their rate of unemployment.
For more information and statistics, check out the infographic below and let us know your thoughts on whether you feel the minimum wage increase will be a pro or con for the economy.
About the Author:
Author info: *Since so many people worked on the graphic, the school would just prefer to have the author info being: “New England College’s Masters in Public Policy Program.