Many states believe that raising the wage requirements would help out the employees and the economy. This may be a true statement if all other variables were not in play. Yes, raising the minimum wage would give extra earning to low wage workers along with bridging the gap between the lower and upper class. But when one gap is closed, it is nearly certain that another will open. If employees are paid more it will require the business owner to begin looking for another way to find income. In a company, it is practically impossible to pay a higher wage to employees without raising the prices of the company’s goods or
Many states believe that raising the wage requirements would help out the employees and the economy. This may be a true statement if all other variables were not in play. Yes, raising the minimum wage would give extra earning to low wage workers along with bridging the gap between the lower and upper class. But when one gap is closed, it is nearly certain that another will open. If employees are paid more it will require the business owner to begin looking for another way to find income. In a company, it is practically impossible to pay a higher wage to employees without raising the prices of the company’s goods or