Pros and Cons of Minimum Wage Increasing to $9.00 - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Pros and Cons of Minimum Wage Increasing to $9.00

Lawton,Okla_President Obama wants to raise minimum wage to $9 an hour. He urged Congress to make the $1.75 jump in the State of the Union address this week.

He told lawmakers this it could mean the difference between groceries or the food bank, rent or eviction, scraping by or finally getting ahead. But employment experts say upping minimum wage will have a downside.

Nathan Lee of Express Employment Professionals urges supporters to consider the pros and the cons. He says the increase could actually hurt.

"Obviously, the cost of business would then go up to pay the additional wages to the employees,"  Lee said.

Lee says if minimum wage increases, the folks that will suffer the most will be those living on a fixed income.

"Those companies, more than likely, to offset the rising cost of business, would increase the cost of the product, therefore, passing the inflated cost to the public,"  Lee said.

Lee mentioned while many families may cross over the poverty line if minimum wage increases, it won't take long for the poverty line to rise. He said it's a never-ending cycle and if asked to vote on the issue, would vote no.

This isn't the first time that the President has proposed raising the minimum wage.
Back in 2008, he asked for an even bigger increase, proposing a $9.50 floor.

  • Local NewsNewsMore>>

  • Trump defends tax plan, proclaims economy set 'to rock'

    Trump defends tax plan, proclaims economy set 'to rock'

    Saturday, December 16 2017 3:16 AM EST2017-12-16 08:16:02 GMT
    Sunday, December 17 2017 12:40 AM EST2017-12-17 05:40:16 GMT
    (AP Photo/J. Scott Applewhite). House Ways and Means Committee Chairman Kevin Brady, R-Texas, is pursued by reporters in the Capitol after signing the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017.(AP Photo/J. Scott Applewhite). House Ways and Means Committee Chairman Kevin Brady, R-Texas, is pursued by reporters in the Capitol after signing the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017.

    Republicans working to execute their first major legislative achievement of Donald Trump's presidency appear to have secured the votes to pass a massive tax overhaul that Trump hoped to present to Americans. 

    Republicans working to execute their first major legislative achievement of Donald Trump's presidency appear to have secured the votes to pass a massive tax overhaul that Trump hoped to present to the American people for Christmas.

  • After Alabama, abortion may be backseat issue in 2018 races

    After Alabama, abortion may be backseat issue in 2018 races

    Saturday, December 16 2017 12:06 PM EST2017-12-16 17:06:09 GMT
    Sunday, December 17 2017 12:40 AM EST2017-12-17 05:40:11 GMT

    Both Democratic and Republican operatives say abortion may take a backseat to other issues in 2018 now that conservative Alabama has elected a Democrat who supports abortion rights.

    Both Democratic and Republican operatives say abortion may take a backseat to other issues in 2018 now that conservative Alabama has elected a Democrat who supports abortion rights.

  • Special counsel obtains thousands of Trump transition emails

    Special counsel obtains thousands of Trump transition emails

    Saturday, December 16 2017 7:19 PM EST2017-12-17 00:19:06 GMT
    Sunday, December 17 2017 12:39 AM EST2017-12-17 05:39:57 GMT

    Several people familiar with President Donald Trump's transition say Special Counsel Robert Mueller's team has gained access to thousands of private emails sent and received by Trump officials before the start of...

    Several people familiar with President Donald Trump's transition say Special Counsel Robert Mueller's team has gained access to thousands of private emails sent and received by Trump officials before the start of his administration.

Powered by Frankly