Raising the minimum wage has been hotly debated in cities and states for years. Supporters argue that it's a remedy for widening wage inequality and will boost consumer spending, while opponents counter that it could reduce opportunities for employment, particularly for teenagers and others looking for entry level or low-skilled jobs. Now, another batch of proposed wage hikes is headed for ballots in 2018, with initiatives underway in Massachusetts, Missouri, Michigan, Washington, and Washington D.C. And this time, as research on earlier minimum wage hikes piles up, the impact on workers is starting to become more clear. The outlook? While some jobs could be lost as a consequence of more ambitious jumps in the minimum wage, the vast majority of workers who remain employed will enjoy higher pay and the economy overall isn't expected to suffer as a result.
The Case for Raising Min. Wage Keeps Getting Stronger
Do you like this post?