Pros & Cons On Minimum Wage

The ahead minimum wage in the USA was place at 25 cents in 1938. Wrapped up 2009, it had been raised 23 times, the most new growth on The middle of summer 24, 2009, when it went up to $7.25.

Effects

The minimum wage increases the Salary of the lowest money earners, helping them to earn Sufficiently to vital on. Without a minimum wage, they would not beget Sufficiently to receive by.

Protection

Without a minimum wage, there is no warrantly that companies will pay their workers fairly. Companies could refuse to pay a fair wage without government oversight.

CNN claims that some businesses will not be able to pay the additional hourly costs and will have to lay off workers to stay in business.

Company Location

Critics of the minimum wage argue that it forces companies to move factories and jobs to countries that do not have wage minimums.

Spending

A minimum wage means the poorest workers have more money to pour back into the economy, according to CNN.

Unemployment