How would a $15 minimum wage affect the economy?

By , RADIO.COM

It seems that the country is closer than ever to a bump in the federal minimum wage.

But as the possibility of raising the country’s lowest pay to $15 an hour increases under the new administration, the fate of the bill is uncertain and debate around increasing the minimum wage rages on among lawmakers.

Read on below to learn about the status of a possible $15 minimum wage and what the effects could be on workers, businesses and the economy as a whole.