The Minimum Wage Debate

The minimum wage debate centers around the legal lowest hourly pay that employers can offer their workers. Advocates argue that raising the minimum wage helps reduce poverty and boosts the economy by increasing workers' spending power. Critics worry that higher wages could lead to job losses as businesses may struggle to afford increased payroll costs, potentially leading to higher prices for consumers. The discussion often involves balancing fair compensation with economic impacts, making it a complex issue with varying perspectives on its effects on employment and the overall economy.