SHOULD THE US RAISE THE MINIMUM WAGE

SHOULD THE US RAISE THE MINIMUM WAGE

USA – Should the U.S. raise the minimum wage? A question that can be argued with both positive and negative answer possibilities. Here are some pros and cons of the minimum wage raise:

The first pro is that raising the minimum wage would increase the job growth and economic activity. This for, obvious reasons, is a huge plus for minimum wage workers and the country.

Then again raising the minimum wage would cause businesses to lay off other employees to help with unemployment rates. In other words, businesses would have to lay off many of their workers to be able to hire others who are unemployed.

The next plus is that a higher minimum wage would reduce government spending (welfare). How this works is by increasing the minimum wage, the country’s low-income workers dependence on government help would decrease significantly.

In spite of these pros, however, there are several cons, one would be that an increase in the wage may hurt businesses and force them to close. According to a 2013 gallup poll, a raise in the minimum wage would “hurt most small-business owners”.

An increase in the minimum wage would, in turn, increase income equality. The fight for equal pay among women is very strong and raising the minimum wage would significantly help the U.S. be one step closer to equal rights among men and women.

On the contrary, a huge setback raising the minimum wage would cause is the disproportionate damage that would be done to the poorest places/areas of the United States. This would cause a large gap in some places between the middle class and poor.

Lake Michigan Catholic high school history teacher, Mrs. Schemenauer, gave her input on the matter,  “No. If raising the wage will put people out of work, that’s just crazy”.

In conclusion, a minimum wage increase has equal pros and cons and would have to be debated out longer until a more beneficial option with less repercussions is reached.

http://minimum-wage.procon.org/