The Pros And Cons Of Raising The Minimum Wage

Topics: Minimum wage, Employment, Wage, Unemployment, Economics, Inflation / Pages: 1 (245 words) / Published: Sep 18th, 2015
In his article “ Raising minimum wage won’t lower poverty”( Saltsman, 2011) discussed that raising the minimum wage may contribute to reducing the incidence of poverty at the same time may increase the incidence of poverty. Although raising the minimum wage contribute to the economic development and create many jobs and thus reduce unemployment. However, a lot of studies have shown that all of these pros of the lifting of the minimum wage will turn into cons by reducing the employment rate. After that , he mentioned the need to find regulations to imposing monthly salaries and hiring a lot of people instead of the consequences associated with the minimum wage. The authors historical information were organized, as he provide us with statistical

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