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What are the pros of raising the minimum wage? Support your ideas

What are the cons of raising the minimum wage?

What are the pros and cons of NOT raising the minimum wage?

Sagot :

elvokipkorir

Answer:

1

  • it would cause businesses to invest in better employees
  • Businesses would also be able to afford to hire more employees
  • help to reduce poverty and inequality

2

  • lead to a decrease in the number of jobs available
  • it could lead to a decrease in the pay of workers

3.

  • would cause employers to reduce the number of employees
  • it would reduce the number of jobs available

Explanation:

1. The pros of raising the minimum wage are that it would cause businesses to invest in better employees, as well as create more jobs. Businesses would also be able to afford to hire more employees, which would lead to increased economic growth. Additionally, raising the minimum wage would help to reduce poverty and inequality, as well as improve the social mobility of American families.

2. There are a few cons of raising the minimum wage. One is that it could lead to a decrease in the number of jobs available because businesses may have to lower their prices to compete with higher minimum wages. Additionally, it could lead to a decrease in the pay of workers, as companies may have to pay them more to remain competitive.

3. The pros of not raising the minimum wage are that it would cause employers to reduce the number of employees, which could lead to a decline in the quality of work, and that it would result in an increased cost to consumers because prices would be higher. The cons of not raising the minimum wage are that it would reduce the number of jobs available, and it would increase the cost of goods and services.

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