How To Raise The Minimum Wage

Words: 174
Pages: 1

Raising the federal minimum wage have many benefits, one of them is that it would help reduce economic inequality. As workers get paid a higher wage, they would most likely spend more of this money in new cars, houses, or even furniture; thus causing economic growth. Poverty is a major factor in economic inequality. Raising the minimum wage would enormously decrease the proportion of poverty by providing more money for workers. Also, a higher minimum wage would result in a low unemployment rate since everyone would be pleased to work and gained what they deserve. Increasing the federal minimum wage would also be beneficial in improving the lives of millions of Americans. Thus a higher minimum wage develops an increase in the low-income