Question

In: Economics

What is the BENEFIT to low wage workers (workers whose wage is near the minimum wage)...

What is the BENEFIT to low wage workers (workers whose wage is near the minimum wage) of raising the minimum wage?

Solutions

Expert Solution

It can be mentioned that there is a lot of benefit of increasing the minimum wage especially to the low wage earners and this is because of the fact that if the wages very low then it might not meet the minimum requirements of the poverty standard so that they might not get adequate supplies of food shelter and other basic needs so that they would be deprived and increasing the minimum wage might and about them to earn a bit more so that they can get all the necessities with which it would be possible for them to move out of the poverty lines all in all.


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