Encyclopedia of Opinion
Question
What are the positions on a minimum wage?
Position2 of 5

The minimum wage is good for businesses

This position holds that the minimum wage is good for businesses, not just workers. It argues that paying a decent wage reduces costly employee turnover and boosts productivity, so that the benefits of a minimum wage extend to employers' bottom lines as well as their staff.

Supporting arguments · 2

  1. The minimum wage increases worker productivity
    Workers that receive a legally guaranteed minimum wage are more productive than those that don't.
  2. Minimum wages reduce employee turnover
    Employers save money on training due to higher employee retention.