Raising Minimum Wage Means Raising American Concern

“A 15 percent increase in the minimum wage nationwide would destroy about 290,000 to 590,000 young people's jobs, and about 400,000 to 800,000 jobs overall” (Henderson, David R). Due to the Fair labor Standards act, the federal minimum wage, or the lowest you can pay an employee for work, currently stands at $7.25 an hour. Although a number of Americans think that raising the minimum wage would benefit our country, it would actually bring a number of problems to our economy, such as a rise in job loss and high school dropout.

There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower than seven dollars and twenty five cents. Countries set minimum wage laws, to ensure there is a basic quality of life amongst its citizens. As the minimum wage goes up in certain states, the quality of life also improves. The problem with a higher minimum wage, is now people are getting paid higher for entry level jobs which are meant for teenagers and people new to the workforce. If the minimum wage keeps increasing across the country, teenagers and young adults will have a much more difficult time finding jobs.

The minimum wage debate has been a hot topic over the past year, especially with the Presidential Election. This is a divisive topic that people rarely agree upon. There are essentially two sides you can take when it comes to this argument. Either people are for minimum wage or are against raising, or even having, a minimum wage. Proponents of the minimum wage are typically politicians who are lobbying for the vote of the people who feel that a minimum wage is critical to their wellbeing, and those who sympathize with people who earn “minimum wage”. Minimum wage is destroying America’s free market economy and someone needs to take action and find a better solution to this problem. Without anyone acting on this problem now, it can potentially be worse in the long run. Raising the minimum wage in the United States will do more harm than good to society because of the long-term effects.

Raising the minimum will end up hurting Americans more than helping them. The people that are for raising minimum wage are people who believe that increasing minimum wage can help those people who are unskilled

The case against raising the minimum wage is very simple: a higher wage will make it more difficult and expensive to companies to hire workers. What will be the consequences on the economy? Well, companies won’t be able to pay all of its workers which will lead to more unemployment. At the end, people who keep their job will have a higher profit, however those who lose their job will suffer.

The topic of raising the minimum wage has many different viewpoints. It is thought to be affected negatively and positively. Some believe it increases unemployment and poverty. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy.

The controversy over minimum wage has been ongoing. However, as explained in a Time article by Chris Lu on the subject, now is the prime time to raise the federal minimum wage. “Three out of four Americans support an increase; the economy is healthy; and many employers are already raising wages.” It’s reasonable to be worried about the consequences that raising the minimum wage might have in a time of crisis or unrest, but this quote mentions a healthy economy that would be able to handle the shifts in wages if things went south temporarily. Another argument made by opposers of raising the minimum is that businesses will be unable to survive. On the contrary, a good business will find it beneficial. “‘It’s a simple, but critical, concept: take care of your people and they will take care of your customers.’ For &pizza, higher wages reduce employee turnover, increase productivity and improve customer service.” Rather than hurting the economy, raising the minimum wage will help workers, business owners and the economy itself. A higher wage for all is

Raising the minimum wage could help a lot of family in this country and the one that come here for a better a life that work hard to sent money for their family over the seas or try to get them here sometime they have two or three job cause they can't go school or have no time to cause they have to provide for their family, even family that were born her struggle to make a living in sometime need the government help, if they was getting pay for fair amount of money per hour they could've support their family more and live in a better environment

Another reason i believe the federal minimum wage should not be raised is because if you make more money per hour employers will begin to cut the workers hours. If this happens this would not be solving anything because they would end up making the same amount of money if not less. An employer is not going to want to pay one employee a lot of money if they can pay more employers a less amount of money because that will mean at the end of the day the employer will be putting more money in his pocket. I also believe that raising the minimum wage would hurt many small business. The problem is that all businesses do not make a huge profit so they could not afford to pay a big amount in wages. This could be a problem because some people rely on these small business to support them and their workers. If these small business folded many people would lose their jobs and also their income. The biggest problem with raising it is many adults would try to get these high paying jobs and it would kick the youth out of the work force and they wouldn't be able to train for future higher level jobs so they

According to procon.org “if we were to raise the minimum wage to $10.10 there would be economic loss of up to 500,000 jobs.” When people think about the idea of making $10.10 an hour they think about money not all the other people that will probably get laid off if the minimum wage goes up. In a recent survey they asked 1,213 businesses what they would do if the legal minimum wage were to go up to $10.10. This survey showed “38% of employers who currently pay minimum wage said they would lay off some employees if the minimum wage was raised to $10.10. 54% said they would decrease hiring levels.”(procon.org) This is a highly substantial loss of jobs in the U.S.

Raising the minimum wage would hurt the less fortunate families. It spreads income unevenly. Some people would receive more pay and others would lose their jobs making families and the economy suffer. If someone have a minimum wage job that pays $5.15 it is better than no job at $6.00 (Henderson). If someone has a job that does not pay well be thankful for it, it still provides for the

Raising minimum wage would give greater chances of negative effects occurring on workers incomes. Many low income workers will have a higher income because

Raising the federal minimum wage doesn’t cause substantial unemployment as most economists agree, including over 600 economists who wrote a letter to Congress urging a wage increase, and the Economic Policy Institute.

Businesses simply can not afford to pay their employees more money for low skill jobs. According to the Congressional Budget Office, 38% of employers who currently pay their employees minimum wage said they would lay off some employees if the minimum wage was raised. Raising the pay may benefit a few employees, but it will also devastate the workers laid off. People putting in their resumes will have a much slower rate in getting jobs. As a result, the unemployment rate will increase and people will have to resort to relying on unemployment and welfare to pay their

The most prevalent and steadfast myth surrounding the raising of the federal minimum wage is that it will doom the economy. This might seem logical at first, but just think about it for a second. Why do minimum wage employees need more cash? The answer is simple: To spend it, to buy the things that they and their families need to survive. “Most minimum wage workers need this income to make ends meet and spend it quickly, boosting the economy. Research indicates that for every $1 added to the minimum wage, low-wage worker households spent an additional $2,800 the following year” (Fair). Furthermore, EPI estimates that if the federal minimum wage were raised to $10.10 an hour, it would result in over