The document discusses the debate around raising the federal minimum wage. It outlines both the potential positive and negative effects. On the positive side, a higher minimum wage could boost family incomes and purchasing power while reducing employee turnover. However, it may also lead to job losses as businesses are forced to cut costs through layoffs, reducing hours or benefits. The example of SeaTac, WA increasing their minimum wage to $15/hour provides lessons on how it discouraged new businesses and hiring while disproportionately impacting small businesses over large corporations. In conclusion, both sides need to be weighed to make an informed decision.