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.

Powered by Frankly