One of the main arguments used against increasing the minimum wage is that it would force businesses to fire workers which in turn would lead to a raise in the unemployment rate. Although this may be the case for some businesses, raising minimum wage would actually lead to a boost in economic activity and create more jobs nationwide, a study conducted by procon.org showed that “a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the
One of the main arguments used against increasing the minimum wage is that it would force businesses to fire workers which in turn would lead to a raise in the unemployment rate. Although this may be the case for some businesses, raising minimum wage would actually lead to a boost in economic activity and create more jobs nationwide, a study conducted by procon.org showed that “a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the