Minimum Wage Pros And Cons

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Should minimum wage be increased worldwide? For years the economy has been debating about raising minimum wages and some states has pasted the federal law to raise minimum wages. The most three important pros for raising minimum wages is increase economic activity, source to make more jobs and help government welfare spending. It’s no brainer for government or congress to raise minimum wages to $10 or 11 dollars.
A. Raising minimum wages help increase economic activity because
1. “These wages increases would be progressive with nearly half of the benefits going to households making under 35,000 but they would also benefit millions of middle class families.” (Furmon and Stevenson)
2. It will improve people’s economic security. (Cap Action War