Minimum Wage

Advantages and Disadvantages

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  • Low-income families' incomes will increase.
  • Less families living below the federal poverty threshold.
  • More revenue for the government from payroll taxes for social security.
  • Can be used as a tool for economic growth.
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  • Loss of some jobs for low-wage workers.
  • Prices would be higher.
  • Employers might hire fewer workers in the entry level jobs.
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