write a conclusion for this paper.

Paper 1 The proposed $15.00 minimum wage increase will benefit the employers more than the employees. An increase in the wage, will be met with optimism from the employee's perspective. That is exactly what employees want. The employers want a group of employees that will show up to work and do a good job. Another thing that will increase with wage count is the price of the products. It is evident that business rates will drop drastically, once there is a regulation in place, enabling the employers to pay more out of their pockets. The same employers will then turn their attention to the marketplace to make up the rise in the expenses, which will be the money coming out of the pockets of the employees who constitute the customer-base in the marketplace The federal minimum hourly pay is $7.25 and that has not been changed by congress since 2009 Low wages affect all employees. The 2021 Lift of Wage Act is steadily increasing the minimum federal wage to S15.00 hourly by 2025. By 2025, the advantages of phasing steadily into $15.00 minimum wage will be far-reaching, lifting wages for tens of millions of jobs and helping reverse decades of rising pay disparities, authors argue. The Act will raise $107 billion in higher worker's salaries and would also help cities across the U.S. and promote higher economic investment and employment creation. We should thank the fight for $15 and a union campaign led by minimum wage employees. It follows the example of the rising number of states and cities that have implemented substantial minimum wage rises in recent years. The writers add, it will also close ethnic and gender wage disparities and generate jobs for millions of Americans Phasing out the minimum wage $2.13 for tipped jobs will increase the salaries and have stable pay checks. Low salaries undermine the economic wellbeing of employees and their families. Public support services for underpaid employees make up 42% of overall expenditures on Medicaid and CHIP in places lacking a $15 minimum wage rule. Public services, they claim, cost federal and state taxpayers over $107 billion a year, therefore, it is worth raising the minimum wage to $15.00 There is a growing number of business owners and organizations that have backed the $15.00 minimum wage. Many business organizations that include thou ds businesses that have accepted a $15.00 minimum wage currently are paid less compared to their counterparts 50 years ago. Since the economy has grown drastically in the past 50 years, along with double productivity, the minimum wage equates to nearly $20 per hour day. Researchers have confirmed that raising wages will benefit everyone. Increment in the minimum wage has so far not hinted to any job losses. Rather, studies have shown that is has significantly increased the total annual income of the families that come at the bottom of income distribution The concept of minimum wage rate was introduced in the year 1938 with the wage rate of $.25 per hour and the modification has happened since then, it is important for the government and companies to understand that there is a certain level of rate, below that, it becomes difficult to survive even for a lower-class category. Everything has pros and cons, this needs to be understood that increasing the wage rate would result in laying off few employees because not company can afford that and at the same time few economists think that it would help grow the economy of the country. Few studies say that, increasing minimum wage rate would result in reducing the poverty of the country, whereas some experts claim that increasing wage rate would result in increasing poverty as this would result in high production cost and less working per hour. It is also studied that increasing higher wage rates would result in less dependent on the government as if earning source of poverty increase they will not be dependent on government policies and benefits. Although, few researchers say that increasing the minimum wage rate would result in closing small businesses because they won't be able to afford it. The effect on increasing the minimum wage result would also be seen in inflation until now, it was not aligned with it. The labor cost increased the cost of products would also increase as this would only be directed to food only. Researchers have seen in the last 20 decades, the wage rate of middle class and upper class has increased. The wage rate has been the same for poor and below middle-class people. It should be synced that way. Researchers also claim that increasing wage rate results into shutting down work for teenagers