Top Pro & Con Arguments

Con

Raising the minimum wage would encourage companies to outsource jobs to countries where costs would be lower.

According to the Statistic Brain Research Institute, 2,382,000 US jobs were outsourced in 2015 with 44% of companies saying they did so to reduce or control costs. [84] A 2014 study of 400 US Chief Financial Officers (CFOs) by Campbell Harvey, PhD, J. Paul Sticht Professor of International Business at Duke University, found that 70% of CFOs would “increase contracting, outsourcing, or moving actual production outside the United States” if the minimum wage were raised to $10 an hour. [78]

Read More