The wage gap between women and men grew by 0.
This raises a sticky question: is it appropriate to raise unemployment to help people out of poverty? Second, it reduces income inequality while providing an incentive to work.
Continue Reading. When households spend their money at local businesses, then these dollars have almost double the direct and indirect economic value as they would with money spent at companies operating outside of the area.
As of July44 cities had also passed laws raising the minimum wage. List of the Cons of Raising the Minimum Wage 1. When the minimum wage is raised, it creates conflicts within the work environment. By raising the minimum wage, the reliance on programs such as these can be reduced.
Check the state minimum wage laws for these worker categories, although the federal law will take precedence if the amount is higher.
The laws apply to all employees. Employees who are more inclined to stay with a company longer could benefit from greater advancement, and from an overall reduction in job-related relocation expenses. Raising the minimum wage helps to increase revenues within each community. Is the minimum wage too high?