There are compelling arguments on both sides of the minimum wage issue.
House democrats approved legislation recently that would raise the Federal minimum wage to $15. The Federal minimum wage has not raised in 10 years and currently sits at $7.25 an hour ($15,080 a year) and $2.13 an hour for those employees receiving tips. House approves 
Many States have been gradually raising their minimum wage rates for years. Many have gone above the current Federal minimum. A large proportion have developed different pay adjustment strategies such as links to the annual costs of living, rules related to number of employees or annual sales, and plans to increase the wage over time. 
Cities, communities, and companies are also known for setting their own minimum wages. Several large population centers (New York, Los Angeles, Seattle, to name a few) have a minimum wage. Amazon, Whole Foods, Target Costco, and Bank of America also have a minimum wage standard. 
The Fair Labor Standards Act (FLSA) enacted in 1938 protects workers by setting minimum wage standards, overtime pay, recordkeeping and youth labor. The rate does not apply to every type of job and unfortunately was not index to inflation. The first minimum wage rate was set at $0.25 per hour.
Several sources estimate that if the Federal wage rate had kept pace with inflation that it would be just over $21 an hour today. 
A nonpartisan Congressional Budget Office report estimated that more than 30 million workers would receive larger paychecks pushing more than 1 million workers over the poverty level.  The poverty level in Oregon is $12,490 for a single person, and $16,910 for two. 
Slightly over half of today’s workers aged 16-24 receive a minimum wage suggesting that this group would receive a greater proportion of the increased wages but may also lose the greatest number of jobs as it is harder for low-skilled workers to find and keep jobs.  The Budget Office estimated that between 1-3 million jobs could be lost. 
There could be other impacts. A raise might entice some potential candidates back into the workforce this could include recently retired workers, or workers looking for part-time jobs. On the other side, the raise could also fire increased development in the use and return on investment for automation development.
It will be interesting to watch how this debate turns out.
1 House approves $15 minimum wage, Senate prospects are dim (https://news.yahoo.com/house-set-approve-phased-15-144233126.html)
2 2019 Federal and State Minimum Wage Rates (https://www.thebalancecareers.com/2018-19-federal-state-minimum-wage-rates-2061043)
3 Minimum-wage pro-con (https://minimum-wage.procon.org/).
4 What is poverty? (https://www.ocpp.org/poverty/2018-poverty-guidelines/)
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