Pros And Cons Of Minimum Wage Too Low

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Minimum Wage, Too low?
What is minimum wage? According to Webster dictionary, minimum wage is “an amount of money that is the least amount of money per hour that workers must be paid according to the law”. The question is, is the least amount of money that is set by the government enough or does it need to be higher? This argument has been going on for a while, some are against the raise of minimum wage and some are with the raise of minimum wage, and of course, like any other argument there are pros and cons for each side.
Minimum wage in Texas is $7.25, the people that are with the idea of raising the minimum wage are arguing that this is not enough, it is not enough for someone to start a family or to even live on his own on this hourly …show more content…

For example one of the cons that would happen if the minimum wage was raised would be that the businesses would have to lay off people because that’s how business work. The Congressional Budget Office studied that “a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs. In a survey of 1,213 businesses and human resources professionals, 38% of employers who currently pay minimum wage said they would lay off some employees if the minimum wage was increased to $10.10. 54% said they would decrease hiring levels.” (Procon) Which is understandable, if they pay more money while getting the same productivity like before the business would probably end up running out of money. Raising the minimum wage would not only affect big business but also affect small businesses because as a small business owner, if the minimum wage was higher and the owner does not make enough money as it is, they probably end up laying off the less skilled employees. Those under skilled employees are usually teenagers who are trying to get experience for future jobs. Without the experience, it is hard to find better paying jobs. Written in the book the minimum wage opposing viewpoints there is a section written by Joseph J. Sabia stating

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