I want two microeconomics graph on this article?????? Article: A $15 minimum wage could lift 1.3 million out of poverty and cost 1.3 million jobs Introduction The given article analysis the impact of the rise in the minimum wages on the poverty level and the employment in the economy. This article is about the impact of lifting the minimum wage rate from $7.25 to $15.There have been many types of research regarding the same and the results show that although it can raise the income of poor people and result in substantial people coming out of poverty, it can also result in a loss of 3.7 million jobs (upper limit). If the government congressional budget office passes the bill recommending a rise in the minimum wage to $15 hour, then according to some economists the poverty will fall, as it will reduce the income inequality. A rise in the minimum wage results in an increase in the average income of the low income workers that brings a portion of the population above the poverty line depending on the amount of rise in the wages. Economists focused on the impact on fall in income inequality based on some empirical evidences. For example, in Alabama before rise in the minimum wage, low income earners earned about 45 cents for every dollar earned by median income earners, but when the minimum wage is increased the share of income earned by low income earners is 77 cents per dollar, which reduces the income gap between the low and median wage earners. Economists also view an increase in the minimum wage as an increase in the production cost. When minimum wage is increased, the low income wage jobs falls because firms need to pay higher wages, that increases their production cost and in order to cut down costs, firms start laying off workers, due to which part time jobs in restaurants or low wage jobs decreases. But some of the evidences shows that it is not necessary that rise in minimum wages will result in a fall in the employment rate. According to above report it is evident that if the wage rate increases $15 then the employment will decrease to 76.3 million that means 4.6% decrease in employment rate. It's been over 10 years since the last revision was done in the minimum wage rate. In 2009, the wage rate of $7.25 was set, since then it has not been revised. Although no one knows what will happen in the case of a rise in the minimum wage rate, however, the economists can come up with the dirty estimates of the same. The different studies show different results, most studies show that hike in the wage rate only results in zero or minimal job losses but the research done by the Congressional Budget Office shows that it will result in the boost for the 27 million workers and lifting about 1.3 million households out of poverty. However, this boost will result in a job loss of about 1.3 million workers. The report by the Congressional Budget Office is not contradicting the results of other research; it's just that they are covering a wide range of scenarios. According to the report of economic policy institute, raising the lowest pay permitted by law to $15 by 2024 would fix the disintegration of the estimation of the genuine the lowest pay permitted by law that started basically during the 1980s. Truth be told, by 2021, without precedent for more than 50 years, the government the lowest pay permitted by law would surpass its authentic swelling balanced high point, set in 1968. Slowly raising the lowest pay permitted by law to $15 by 2024 would straightforwardly lift the wages of 28.1 million specialists. The normal legitimately influenced specialist who works all year would get a $3,900 increment in yearly payequivalent to a raise of 20.9 percent. Another 11.6 million laborers would profit by an overflow impact as businesses raise wages of laborers making more than $15 so as to pull in and hold workers. By and large, raising the lowest pay permitted by law to $15 by 2024 would legitimately or by implication lift compensation for 39.7 million laborers, 26.6 percent of the blue collar workforce. Over the stage in time of the builds, the rising pay floor would produce $118 billion in extra wages, which would swell out to the groups of these laborers and their networks. Since lower-paid laborers spend a lot of their additional profit, this infusion of wages would help invigorate the economy and spike more prominent business action and employment development (Cooper, 2019). Conclusion In a nutshell, economists agree upon a stance that the rise in the minimum wage rate will increase the low wage worker's income and lift a substantial number of workers out of poverty; it can also result in some job losses. References Cooper, D. (2019). Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers. Retrieved from https://www.epi.org/publication/raising-the-federal-minimum-wage-to-15-by-2024-would-lift-pay-for-nearly-40-million-workers/ Campbell, A. F. (2019, July 8). A $15 minimum wage could lift 1.3 million out of poverty - and cost 1.3 million jobs. Retrieved from https://www.vox.com/2019/7/8/20686392/federal-15-minimum-wage-raise-the-wage-act Kelly, J. (2019, July 10). The Unintended Consequences Of Raising Minimum Wage To $15. Retrieved from https://www.forbes.com/sites/jackkelly/2019/07/10/the-unintended-consequences-of-the-15-minimum-wage/#49edce42e4a7