The United States has been in a constant debate regarding the minimum wage for years, with many arguing that the current federal minimum wage of $7.25 per hour is not enough to make ends meet. This debate has led to numerous protests, strikes, and even political campaigns promising to increase the minimum wage.

Recently, there has been progress made in this area, as the House of Representatives has passed a bill to increase the minimum wage to $15 per hour over the course of five years. This bill, known as the Raise the Wage Act, has gained support from both political parties and has been hailed as a positive step towards improving the lives of millions of low-wage workers.

The Raise the Wage Act would increase the minimum wage from $7.25 per hour to $8 per hour in 2019, and then gradually increase it to $15 per hour by 2025. This increase would impact around 33 million workers in the United States, who would see a significant boost in their paychecks.

Those who support the bill argue that it is necessary to address the income inequality gap that has been growing in the country for years. They argue that a higher minimum wage would help to reduce poverty, increase consumer spending, and stimulate the economy.

However, critics of the bill argue that it could have negative effects on small businesses, who may struggle to pay their employees higher wages. They also argue that the increase in wages could lead to inflation, ultimately hurting low-wage workers more than helping them.

Despite these concerns, the Raise the Wage Act has gained traction in Congress and has the potential to become law. It is important to note that this bill only applies to federal minimum wage, and many states have already established higher minimum wages of their own.

Overall, the latest agreement on minimum wage is a positive step towards addressing income inequality in the United States. While there are valid concerns about the impact of higher wages on businesses and the economy, it is important to remember that millions of workers are struggling to make ends meet on minimum wage salaries. This bill has the potential to significantly improve their lives and create a more equitable society.