.ct M5a1 lasa 2: Final Argument Paper
The argument for increasing the minimum wage includes its ability to reduce poverty and inequality. An increase in the minimum wage would boost low-wage workers’ wages, which could result in an increase of income and buying power. This could result in less financial stress, and money going back to local economies. People with higher incomes will spend more. A higher minimum wage may also be beneficial for employment as it could encourage businesses to employ more workers due to the increased customer demand and increased purchasing power. Additionally, increasing the minimum wage helps to level the playing field between big corporations that can afford to pay workers well and smaller businesses that may be struggling due to limited resources or capital.