Pro
A person who works full time earning the federal minimum wage would make $15,080 a year before taxes, which is just barely above the poverty level .

Pro
The federal minimum wage would need to be $10.74 in order to account for inflation over the past 40 years.

Con
A higher minimum wage makes it more expensive to hire unskilled and lower-skilled workers, and many companies will pass the costs onto consumers.

Con
Companies will be forced to hire fewer workers in order to account for the increased costs, which will cause a spike in unemployment.

Pros and Cons