Advantage of raising or maintaining the minimum wage

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Reference no: EM132303639

The Minimum Wage Controversy: The United States Congress continues to debate the touchy question of whether the current minimum wage ($7.25 per hour) is fair and adequate. There are pros and cons to both sides of this argument. The impact of raising the mandatory hourly rate to $10.10 per hour, or $15.00 per hour would have a tremendous impact both on employees' income and employers' costs. You can even go to the website for the Economic Policy Institute and read the article entitled Raising the Federal Minimum Wage to $10.10 Would Lift Wages For Millions and Provide a Modest Economic Boost, by David Cooper, if you like, before posting your response to the following questions:

(1) What do you believe is the main advantage of raising or maintaining the minimum wage?

(2) How do you think the American economy will change as a result of keeping or changing the minimum wage?

Reference no: EM132303639

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