Writing Resources
The ones who are against it claim that several companies do not have enough money for higher wages They will be forced to close their business or reduce their workers which will effect on an unemployment rate They will not be able to pay their workers higher than the current minimum wage It will make more difficult for students low skilled workers unprofessional or inexperienced workers to find a job Companies does not want to pay a high wage salary to those who have no experience of job they would rather hire people who have experience and knowledge of their field and pay the same amount of money Raising the minimum wage can hurt the low income families ProCon 2018 PRO CON ARGUMENTS PRO CON 1 A quiet sum of Jobs will be stimulated if the raise in the minimum wage is realized and at the same time improve economic activity According to the Economic Policy Institute an increase from 7 25 an hour for an average person to 10 10 will bring a net of 22 1 billion into the economy of the country furthermore create about eighty five thousand new openings in three years Chicago Economists of the Federal Reserve Bank also stated that an increase in minimum wage will raise the GDP of the US and will lead to job growth
