Discuss the next pst The market impact's of the proposed increase in the federal minimum wage to $15 per hour creates a price floor. 2. The proposed increase will not really help workers because the cost of liviing and food will go up in return making the original issue of not making enough money stay the same. The part of the labor market will be helped will be goods and the economy because people will be forced to spend more on goods. Like the video "Minimum wage and price floors" said "everyone loses". 3. The parts of the labor market that will be hurt by the proposed increase are not being able to afford as many employees and having to lay people off as well as not having enough people to run their businesses efficiently based on employees needed. 4. The prices of goods and services produced will increase if wage labor is increased. 5. My conclusion is that this proposal isn't a good idea for anyone because raising minumum wage causes inflation. Our country doesn't need to lose value in our dollar we need lower costs of living and a school system that teaches budgeting so America can learn