Pros and Cons of minimum wages
The source “Pros and Cons of Minimum Wages” presents a list of arguments for and against raising the minimum wage in the US.
Arguments for raising the minimum wage
Among the arguments for raising the minimum wage, the source mentions better opportunities for children from poor families, who may find it more realistic to get a food education if their parents’ income improves.
The source also looks at employee satisfaction, employee loyalty, and increased employee motivation. If minimum wages are raised, employees might be more content with their jobs and might want to stay in a particular company for longer. This not only helps employees, but benefits companies, too, as they have loyal employees motivated to help develop businesses.
Arguments against raising the minimum wage
The source looks at sev...