Talking in the context of macro-economy, raising the minimum wage could definitely help people get over the lower-income status to some extent but on the other hand attract many other implications as well. It has been a tradition in an enlarged economy that whenever people have been given more access to monetary liquidity prices of goods has risen. It is also true that the initial level of payments to the labors would never fetch them long term benefits or lifelong careers. Hike is required as the small business organizations would not able to sustain a wage of $15/hour.