Top Pro & Con Arguments

Con

Increasing the minimum wage reduces the likelihood of upward mobility.

Don Boudreaux, PhD, Adjunct Scholar at the Cato Institute, explained, “the minimum wage cuts off the first rung of the employment ladder, and it’s that first lowest paying rung that provides the skills and experience workers need to reach the next rung and to continue climbing their way to a better life.” [166] Seth Zimmerman, PhD, Assistant Professor of Economics at the University of Chicago, stated: “minimum wage laws can lead to labor market rigidities that make it more difficult for people to move up the economic ladder. These rigidities can decrease relative mobility and… can decrease absolute upward mobility as well.” [65] John W. O’Neill, PhD, Director of the School of Hospitality Management at Pennsylvania State University, stated that an increase in the minimum wage to $10.10 or higher would “decrease opportunities for upward mobility in the hospitality industry [where] entry-level, hourly roles are traditional ‘routes to the top’,” and where workers learn the skills needed to gain a promotion. [66]

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