Minimum Wage

Advantages and Disadvantages

Big image

Advantages:

  • 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.
Big image

Disadvantages:

  • Loss of some jobs for low-wage workers.
  • Prices would be higher.
  • Employers might hire fewer workers in the entry level jobs.
Big image