If you don’t want to wade through all of the articles about a possible minimum wage increase, here is the primary argument in favor of such an increase. A modest minimum wage increase at this moment:
- will increase the wages of low-income workers,
- will not cause employers to lay off workers,
- will make other income supports for low-income workers more effective,
- will stimulate the economy because the economy is operating below capacity.
I think that’s it. There is good evidence for each element, and the overall argument is solid.