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Pros And Cons Of Raising The Federal Minimum Wage

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Almost all articles, for or against the raise, agree that as long as the poverty line is not adjusted, then state and federal services that low-income workers were previously using would decrease. This means that the money that is no longer being distributed in food stamps or other services can be returned to Washington, D.C. and be redistributed. Economists say that raising the Federal minimum wage to $9 will restore the dollar to its real value (The President’s Plan). And indexing the minimum wage would ensure that working families keep up with inflation. Many economists say that by raising the Federal minimum wage by $2 would increase the unemployment rate significantly. However, the Congressional Budge Office said in 2006 said that

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