Do you think the minimum wage should be increased, remain at its 2009 level, or be eliminated? Give two reasons in favor of, and

Question

3 years ago

8

Do you think the minimum wage should be increased, remain at its 2009 level, or be eliminated? Give two reasons in favor of, and

two reasons opposed to, your response, using this graph, the text, your experience, conversations with classmates who earn minimum wage, and reliable Web sites.

Business

1 answer:

Simora [160] · Answer 1 · 2022-06-17T15:48:54+03:00

There are a lot of factors to consider in increasing minimum wage.

In the pro side, minimum wage workers will be happy if their wage is increased because their take home pay will be higher.

However, if this increase will be implemented, a lot of business owners, especially small businesses, will be forced to relieve some workers of their position as well as be discouraged to hire more workers. This is because the salary for new hires will be used for the increase. Increasing minimum wage will also result to the increase of the wages of the existing workers, to ensure that they are equally treated.