Minimum Wage Should Be Increased
College kids work their butts off in order to pay for their tuition, yet they still can't afford it. Their jobs don't pay them enough money to pay for fees, food, rent, etc. It's the same for adults too. To prevent this, the minimum wage should be raised. This could lead to increasing economic activity and jobs. Other benefits are higher school attendance and lower high school drop offs. However, it could increase layoffs and unemployment. Even though raising living wage can start some problems with more experienced workers, people gain more money to afford their needs.
Some pros are larger finance production and employments. Bigger assemblies lead to more workers. Employments lead to people earning more money to afford their needs. According to the website, "Economist from the Federal Reverse Bank of Chicago predicted that a $1.75 raise in the federal minimum wage would increase aggregate household spending by $48 billion the following year, thus boosting GDP and leading to job growth." A couple benefits of base pay are growth in commercial manufacture and careers. …show more content…
Parents won't have to worry about their kid/kids not being successful in the future. Building up appearances in schools is part of the reasons why colleges choose their students. The web page states, " Increasing the minimum wage would allow teens to work fewer hours for the same amount of pay giving them more time to study and reducing the likelihood that they would drop out of high school." Fewer drop outs and greater participation is a possibility that would happen if the minimum wage is
Some pros are larger finance production and employments. Bigger assemblies lead to more workers. Employments lead to people earning more money to afford their needs. According to the website, "Economist from the Federal Reverse Bank of Chicago predicted that a $1.75 raise in the federal minimum wage would increase aggregate household spending by $48 billion the following year, thus boosting GDP and leading to job growth." A couple benefits of base pay are growth in commercial manufacture and careers. …show more content…
Parents won't have to worry about their kid/kids not being successful in the future. Building up appearances in schools is part of the reasons why colleges choose their students. The web page states, " Increasing the minimum wage would allow teens to work fewer hours for the same amount of pay giving them more time to study and reducing the likelihood that they would drop out of high school." Fewer drop outs and greater participation is a possibility that would happen if the minimum wage is