The current Federal Minimum wage is $7.25 per hour – The White House supports the proposal to raise the federal
The current Federal Minimum wage is $7.25 per hour – The White House supports the proposal to raise the federal minimum wage to $10.10 per hour.
Write a three page paper putting yourself in the position of a small business owner:
1) Identify and discuss the pros of increasing the minimum wage.
2) Identify and discuss the cons of increasing the minimum wage.
3) Make the case for either supporting or opposing the increase to the minimum wage.
This paper should be at least 3 pages for double space.
.…………….Answer preview………………………
Minimum wage is the national living wage rate and it initially started at a low of $0.25 dollars an hour to a current high of $7.25 per hour. This value is expected to rise to a high of $10.10 in the few years to come if it is approved. This raise in minimum wage will have several pros and cons as explained below.
Pros of increasing minimum wage…………………..
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