Summary Of Raising Minimum Wage

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However, disadvantage of increase in minimum wage is it will greater the unemployment. According to a November 2015 Employment Policies Institute study, nearly 75 percent of U.S. economists oppose hiking the minimum wage to $15 per hour. They argue that raising the price of labor lowers firm demand for employees, thus leading to greater unemployment and poverty. (Evaluate Alternatives to Raising the Minimum Wage) Some small businesses cannot afford paying employees higher wages. Especially those who just started to open their business. The tendency of owners is to just keep couple of employees and fire other ones to be able to pay them with the right amount of salary. Their focus is to earn income and keeping all their employees will not attain

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