Pros Of Raising Minimum Wage

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Ever since I was young I have heard people around me debate if raising the federal minimum wage was a good idea. I have come to understand that people are either very in favor of the raise of minimum wage or not at all. From listening to other people’s conversations I’ve come to understand that Democrats tend to always argue in favor while Republicans argue against. I have always thought that raising minimum wage would benefit the people struggling to support themselves. I have began to question if raising minimum wage would actually be beneficial. The first job I ever had was working at a small business. I began to wonder if raising minimum wage would make it difficult for small businesses to pay their employees. Is raising minimum wage a…show more content…
With having less people depending on the government for support, welfare spending would decrease. Without having so many americans relying on welfare the government would save money. If the government is not in as much debt, the economy will get much better. According to this article, raising minimum wage will increase economic activity. The Economic Policy Institute stated that a minimum wage increase from $7.25 an hour to $10.10 would inject $22.1 billion net into the economy. When workers are getting paid more, they will have the option to spend more. This would also help businesses sales of their…show more content…
Strain. Strain is the Director of Economic Policy Studies at the American Enterprise Institute. He oversees the institute's work in economic policy, financial markets, poverty studies, technology policy, energy economics, and other areas. Strain has a lot of experience and knowledge working with the economy. This article he wrote in March of 2013 was not in favor of raising minimum wage. He argued that a higher wage makes it more expensive for firms to hire workers. Making businesses required to pay a higher minimum wage results in fewer employees getting hired. Businesses can not afford to pay all of their employees a higher salary. If minimum wage is increased the result will be more people getting laid off from work. This will increase the unemployment rate, and it will make it more difficult to find available jobs. Strain argues that workers who earn the minimum wage are generally not the primary breadwinners in their households. When these workers are the secondary earners there is no need to raise the minimum wage. Raising minimum wage will make it more expensive for businesses to hire young workers for low-skill

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