After the city of seattle voted to raise its minimum wage to $15 an hour earlier this month, the discussion over the pros and cons of raising the minimum.
For many american workers, minimum-wage employment was a temporary, teenage condition, as we bussed tables or answered phones or cleaned rooms for tiny paychecks before moving on to more financially rewarding work however in 2011, 38 million american workers -- most of whom were out of their teens. With the debate on wages continuing in congress and in the public arena, here are some of the major pros and cons of raising the minimum wage. The worker minimum wage has been around for a long time the first minimum wage law was enacted in new zealand in 1894, according the organization for economic cooperation and development (oecd), an international economic group the united states introduced a minimum wage in 1938 during the great.
Minimum wage pros there is a strong view shared by several economists that minimum wages promotes economic equity in the country, and allows for a fairer distribution of wealth. A summary of the pros and cons of raising the minimum wage, the differences between federal and state rates, and initiatives to increase the minimum wage. Economists weigh the pros and cons of a $15 not states should gradually raise their minimum wage to $15 taking jobs, kaplan told abc news.
The second term of president barack obama will always be remembered for the intense debate prompted by minimum wage increases and adjustments the white house proposed to increase minimum wages to $1010 in seattle, the city council resolved to increase minimum wage to $15 an hour, and massachusetts legislators. School vouchers - top 4 pros and cons corporal punishment - should corporal punishment be used in k-12 schools the minimum wage in 1968 was $160.
3 pros and cons of raising the federal minimum wage: raising the federal minimum wage isn't a simple the motley fool has a disclosure policy.
The minimum wage creates a competitive advantage (pros & cons, arguments for and against, advantages arguments for and against, advantages & disadvantages.