Would the labor participation rate increase, decrease or stay the same if the min wage were increased to $10?

I think it would depend on the industry.

The hardest hit, IMHO, would be lower-end unskilled to semi-skilled service sector jobs. I used to work in this field (as management). Industries like janitorial services, private security, and the like operate on very thin margins, due to intense competition. They succeed because it is cheaper for a client to job out the cleaning/watchman services than it is to have those employees employed in house (benefits, etc.) If the minimum wage were to jump to 10 bucks an hour, it would raise not only margins, but expectations.

-On the client side, the cost savings of contracting out at location's that paid less than $10/hr would become less attractive. In most cases, they'd slash contract hours and make do with fewer employees in order to stay within their budget. A few might go "in house" with their services, but again, they would make do with fewer employees and the net employment numbers would likely be negative.

-On the contractor side, it would be harder to grow the business (i.e. gain new accounts), and to attract quality people at the higher-paying accounts. If, say, $10/hr was once a lure for higher quality applicants to a site that needed better-than-average personnel, it might now become $15/hr. That sounds great, except that the client probably won't buy at those prices. Again, negative net employment.

Increase. Every extra dollar the workers have would be spent immediately, putting money into the bottom of the economy. Businesses would sell more goods and hire more people. Don't believe the hoohah put out by the corporations. McDonald's would only have to raise the price of a Big Mac 22 cents to pay $10 an hour. In Australia, minimum wage is $15 an hour, and a Big Mac there only costs 50 cents more than here.

Decrease, because employers would be forced to get rid of workers who are producing less than $10 an hour in value to the business.

Stay the same

less than 5% of the country works minimum wage

I doubt you deserve a pay raise; you have only had your current job since Monday.

BTW. Trolling on the internet is not work, even when you use your own phone.

IT WOULD DECREASE BECAUSE EMPLOYERS WOULD CUT BACK ON THE NUMBER OF EMPLOYEES THEY HIRE BECAUSE EMPLOYERS ARE NOT GOING TO PAY SOMEONE MORE THAN THEY FEEL THEY ARE WORTH

Big business will raise prices to punish us for the raise. Just the way it is. But no new jobs are coming and we are not even seriously thinking of doing that!

What good is it to want a job more if there are less jobs. I don't get it.

More people would be out of work.

prices would go up

and people would work less hours

doesn't matter, inflation will just make up for it- were screwed no matter what