Positive And Negative Effects Of Raising Minimum Wage
They raise earnings reduce individual and family poverty and have no measurable negative effects on employment said. The Department of Labor provides a look at some of the positive outcomes of raising the minimum wage based on both past and very recent wage increases. Staff Source Northwest Indiana Metro Detroit Minimum Wage Increase Could Slow Future Hiring Employment Survey Shows They would boost economic growth raise the wages of working families who have been hardest hit by the Great Recession and create jobs for workers at the bottom and the top. Positive and negative effects of raising minimum wage . There are several advantages and disadvantages of a minimum wage for workers to review when looking at the effects of a guaranteed income when employment on society as a whole. Many people believe raising the minimum wage will reduce poverty levels and that the wage has not caught up with inflation. Increase in labor cost. Pros of raising the minimum wage. Employers espe