This image of Minimum wage pros and cons depicts the benefits and drawbacks of minimum wages. Minimum wages have several significant advantages as well as disadvantages. By instituting a minimum wage, these people will afford more food and other necessities. Implementing a minimum wage may increase employee satisfaction, leading to improved work results. Although there are several benefits to having a minimum wage, there are also some drawbacks. Employers may complain that minimum wages are unfair in certain industries. This minimum wage pros and cons list summarize these benefits and disadvantages.