Introduction The minimum wage is the lowest amount of money organizations are legally allowed to pay. Even though it may appear to be obvious that raising the minimum wage is beneficial, there are some considerable negative consequences, too. Many believe that the minimum wage should be increased, and others strongly disagree. It may be necessary to evaluate possible advantages and disadvantages to develop a clear decision regarding that relatively controversial dilemma. The minimum wage is closely linked with the most financially vulnerable segments of the population. It provides people working in underpaid jobs with the required money to afford basic products and services. However, legislation that regulates minimum wage is frequently violated by organizations and businesses. Hence, it may be vitally important to not only maintain a decent rate of remuneration but also enforce compliance with the law. Minimum Wage in Los Angeles As already mentioned, it may be critical to evaluate the basic needs of the population precisely and provide sufficient minimum wage. In Los Angeles, the minimum wage is set to $13.00 an hour. Standard working hours are 40 hours a week and approximately 172 working hours a month. Therefore, the current minimum wage provides workers with $2,236 monthly and $26,832 annually. Considering housing prices, rising demand for basic products, and increasing expenditures, such a wage may not meet the basic needs of an average person. Moreover, it may be beneficial for Los Angeles County in terms of socioeconomic aspects. Minimal wage is closely linked with the quality of life and labor productivity. The state of California should consider increasing the minimum wage as it may improve standards of living, positively influence wages in general, maintain the economy by increasing demand, and ensures fair pay for low-income workers. Minimum Wage and Standards of Living It is believed that a higher minimum wage may significantly improve the quality of life. It may also be supported by the fact that most metrics designed to measure standards of living consider minimum wage. The “fight for 15” movement consistently gains momentum and drags more and more attention in North America. The movement was started to achieve the goal of increasing the minimum wage to $15 (Caleb). Minimum wage, indeed, might be an essential part of programs, which aim to improve quality of life. First, well-paying jobs provide access to better food quality, proper housing, and education (Caleb). Moreover, citizens may access adequate health care. People may be able to not only visit healthcare facilities more often but also access a higher quality of medical services. These life improvements, in return, may positively influence the economy. A worker with access to decent nutrition and healthcare may be absent from work less frequently. Access to education may provide the state with needed specialists and a highly educated workforce. General happiness rates and contentment with life quality may also increase the productivity of employees. Higher minimum wages are frequently an indicator of developed countries. It may not only improve the quality of life but also provide the economy with highly productive labor. It