California Democratic Senator Mark Leno said that no one in the Golden State should live in poverty because they don't earn enough. The current minimum wage in California is $10. 50. It will increase by one dollar per year to become $15 per hour in 2022. This is microeconomic because it will reduce employment for those workers who are not highly skilled. But this is also a macroeconomic issue. Business leaders fear that such a big change could happen not too far from now. Only a few years left. 6 years to be exact. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The CEO of McDonald's has already said that raising the minimum wage will prevent McDonalds from hiring people interested in low-paying entry level jobs. Libertarians are against having a minimum wage because it can have a negative impact because it would create barriers to entry. Let's say a person presents a business plan and decides to hire workers. It would not be able to hire many workers because the minimum wage is high. So, it is likely that his business will not be as productive. Therefore, it does not enter the industry. Myself, being a libertarian, I don't think it's a good idea to raise the minimum wage. The main reason is that it prevents people from taking part in the economy. Raising the minimum wage is necessary to lift people out of poverty, reduce mental health, and increase consumer purchasing power. Furthermore, most Americans, unions and business leaders strongly support raising the minimum wage. In particular, higher wages for workers would lay a stronger foundation for the economy by increasing demand for goods and services. People who work hard would feel that their time has value and that their work has been rewarded. Health stress will decrease when people have sufficient income for their families. People will rise out of poverty and into the middle class to follow the American dream. However, they need the government to support them by raising the minimum wage instead of providing them with welfare and Medicare. As they earn higher wages, they will have extra money to spend and this will lead to an increase in consumer purchasing power. Business owners should give their workers a raise for recognizing their good performance, and workers will work harder to get the employers' work done. California Low-income families wait for their wages to reach $15 an hour by 2022 to move out of poverty and into the middle class.