Encyclopedia of Opinion
Question
What are the positions on a minimum wage?
Position1 of 5›

The minimum wage is too low

This position holds that the minimum wage is too low. It argues that raising it would unlock economic benefits and fight poverty more effectively — boosting consumer spending and government revenue — and that letting the minimum wage stagnate has been a key driver of rising inequality.

Supporting arguments · 3

  1. Higher minimum wages would increase government revenue
    The government would benefit from a higher minimum wage in the form of increased revenue.
  2. A higher minimum wage would improve economic activity by adding consumers
    Minimum wage has been an issue for years. People who get paid minimum wage don't get to contribute much to the economy. If people can't spend money on anything, the economy can't be poured into. Therefore, a higher minimum wage would boost GDP.
  3. Stagnant minimum wages have fueled inequality
    Many economies' minimum wages have been relatively stagnant since the middle of the twentieth century. This has led to rampant inequality.