The cons would be for the employer because they must pay their employee the minimum wage and can't pay any less.
The pro is that the employee will know up front what the minimum wage is and know that the employer can't pay any less.
The minimum wage protects the younger generation from being taken advantage of when applying for jobs.
pros ad cons are different for the two parties
for employers..pros are
1)lesser cost of production
3)greater market share with less price because of less cost
4)better command over its employee because minimum wage employee are individually weak in protesting their employee
5)employer can asses about their expenditure on employee
and the cons are
1)fails to attract quality employee
2)fears of trade unionism
3)quick mobility of employee to other better avenues
so far pros of employee is concerned they will get a guarantee income which will not fall below that minimum level
there are lots of corn
2)there will be class division
3)there will be political instability
by alexandriaruthk4 years ago
What are the pros and cons of increasing the minimum wage in the present state of the US economy?lower the gap between the middle class and the rich, etc.
by El Shaddai 201624 months ago
Why do so many people support an increase to minimum wage?I will be the first to tell you that we should help as many people as we can, within reason. Minimum wage jobs are not meant for those with families. ...
by Katya Drake3 years ago
What is your opinion on raising the minimum wage?What is your opinion on raising the minimum wage? Do you think it is a good idea or should we be looking at other options?
by Barefootfae5 years ago
Once again there is a call to raise the minimum wage.Now....common sense and a little education will tell you that when you raise the minimum wage, prices go up to compensate. Also, you stand the chance of having a nice...
by Brian Daniel3 years ago
What do you think is a fair and realistic minimum wage?There's been a lot of talk recently about raising the minimum wage. Fast food workers, especially, are wanting double the wage. What do you think is...
by Robert Carbery14 months ago
Was the minimum wage ever intended to be something you can live on and support a family with?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.