Pros And Cons Of Raising The Minimum Wage

In the article “Would raising the minimum wage help alleviate poverty”, David Cooper makes a valid point on the subject. Cooper talks about how he believes the minimum wage should be raised because he thinks it will help end poverty. In his column he also gives statistics on why it would be better to raise the minimum wage.
As stated in the pros column written by David Cooper, minimum wage should be raised to help people in poverty, help people pay for education, and to allow people to have some assurance when it comes to money. A raise in the minimum wage would help many people.
Close to half of the world’s population lives in poverty. Many people try to stop this, but don’t really know how. One way to start the decrease in poverty is to raise the minimum wage. This would help the people who work for a living to be better off then how they would be making the current minimum wage. Growing up both my parents made a little over minimum wage and we still struggled to pay bills at times. I can only imagine how hard it is on families that only make minimum wage. People who live in poverty do not have the luxuries that many people have. It may vary
in lemons). Cooper has a very valid point in this statement. By raising the minimum wage, it allows people to function on their own. It allows them to feel secure about their money, more so then they did before. They feel that they have some breathing room in the situation, and don’t have to scramble for money. Yes, raising the minimum wage will not help immediately, but in the long run it will have a lasting effect on the person’s financial situation. Last year my mom received a small raise, and it didn’t really help at first, but later down the road we were able to pay off some things and get ahead. People just need that little bit of security to help them keep going in