The final argument in.ct M5A1
The argument that supports increasing the wage minimum is its ability to help decrease poverty and reduce economic inequality. The minimum wage can increase the income of low-wage employees, leading to an improvement in purchasing power and increased income. It could also lead to less stress on the financial front and more money going back to local economies, as people with higher incomes tend to spend more. A higher minimum wage could also lead to a rise in employment, as employers may feel more inclined to employ people because of the increased customer demand that comes from increased buying power. Further, increasing the minimum wages helps to level the playing fields between big corporations that can pay well their employees and small business owners who struggle because of lack of capital or resources.