Disagreements over government actions occur almost daily, and in economics there are no exceptions. When we look at the topic of minimum wage, there is no doubt that this topic generates a lot of controversy. The minimum wage not only affects the American economy as a whole, but is also something that economists are particularly interested in. It offers economists the opportunity to develop new theories, test them and find solutions. The discussion about the minimum wage and how it should be handled has been addressed throughout history. This analysis of the minimum wage controversy is based on a group opinion using guidelines from research and classroom learning. The minimum wage is the lowest amount an employee can be paid per hour. It was established by the Fair Labor Standard Act of 1938. (minimum wage, n.d.) The minimum wage has been an ongoing discussion among economists. Currently, the Congressional Budget Office (CBO) has reported that the minimum wage will increase from $7.25 to $10.10, the first increase since 2009. (CBO, 2014). According to chapter 8, the economist explains the minimum price as the “minimum price allowed by law” (Cowen & Tabarrok, 2012, p.147). This is where the government tries to control prices above the market level, at this instant the sellers outnumber the buyers. The same goes for the minimum wage, because the supply of labor exceeds the demand for labor. (Cowen and Tabarrok, 2012). Therefore, the minimum wage is a form of price floor that the government has put in place to control the minimum price that should be paid by employers to employees above the market price. So why do we have the minimum wage? The minimum wage began right after the Great Depression and caught on with the standard of fair labor in the United States. spend them, which means they are putting more dollars into the American economy. Minimum wage issues may not affect all Americans, but for those who are affected: we might ask why this controversy? There are no simple answers as this battle did not develop overnight. Minimum wage is something very technical, research on minimum wage helps to develop answers on whether or not it impacts employment or unemployment, another issue is that it helps determine whether inflation will occur. It's not just about coefficients or simple wage elasticity. Our group supports several alternatives, at this time we believe that wages should increase over a gradual period of time. We do not have the feeling that on the minimum wage a family is able to maintain basic living standards.