Minimum Wage Advantages

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Option 1 is for Congress to not change the federal minimum wage and to keep the current amount at $7.25 per hour. One advantage of this option is that some small businesses and companies would not be forced to close due to lower pay rate (Minimum Wage - ProCon.org., n.d.). Another advantage is that employers would be able to hire more unskilled workers and retain employees, which would potentially lead to less layoffs (Jamieson, 2014; Sherman, 2014). One disadvantage to not increasing the federal minimum wage is that many workers would not be able to achieve standard of living and more households would be making incomes that are either at or below the poverty level (Leigh, 2016; Tsao et al., 2016). This also means that the poverty rate and

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