It increases earnings and improves the lives of hundreds of thousands of people (Biegler, par. 19). Raising minimum wage reduces poverty without jeopardizing employment. A range of economic studies show that raising the minimum wage increases earnings and employers see a far more stable workforce due to increased poverty (presidents plan). The economy will have more money progressing throughout as workers are able to spend more. It would be more logical to help lift people out of poverty than rely on minimum wage. “The businesses best suited to the higher-wage world often lean more heavily on machines than their competitors or derive greater economic benefits from paying their workers a higher wage” (Scheiber, par. 22). The higher-wage employees feel better in their position because they can afford the resources they need to support their
It increases earnings and improves the lives of hundreds of thousands of people (Biegler, par. 19). Raising minimum wage reduces poverty without jeopardizing employment. A range of economic studies show that raising the minimum wage increases earnings and employers see a far more stable workforce due to increased poverty (presidents plan). The economy will have more money progressing throughout as workers are able to spend more. It would be more logical to help lift people out of poverty than rely on minimum wage. “The businesses best suited to the higher-wage world often lean more heavily on machines than their competitors or derive greater economic benefits from paying their workers a higher wage” (Scheiber, par. 22). The higher-wage employees feel better in their position because they can afford the resources they need to support their