The Benefits Of Minimum Wage

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One of the biggest debates going on in America today is whether or not minimum wage should be raised or remain the same. Minimum wage is an hourly wage rate that is set by the law and currently stands at $7.25. These laws are a way to ensure people that while they work they can make enough money to support themselves until they are able to get a more skilled and high paying job. Most people who want minimum wage to be raised see it as a way to earn more money to live in better living conditions, get another step above the poverty level, and improve the economy because they would have more money to spend. If Americans focus on the general outcome and pay attention to the facts instead of just the incoming money into their pockets, they would notice that there is absolutely no reason that minimum wage should be raised. Minimum wage should not be raised because it will hurt the growth of the economy instead of help it. The cost of living varies around the country from state to state and especially the location of …show more content…

Increase in minimum wage would result in less of a job market because more Americans would be on the search for higher pay. Many who are jobless would be unable to have a chance to get hired because employers would be concerned on how many employees they would be able to pay while still being able to afford all their products (Ortiz). However, if minimum wage gets raised it would reduce the incentive for low-waged workers to want to get a higher education and work their way to a higher paying job. The lower the minimum wage the more tempted a minimum wage worker would possible be eager to attend college, learn the required skills, and apply for a higher paying job. Increasing the pay of lower paid jobs puts them in a position where they would be stuck working that job longer instead of moving on up to something more challenging and rewarding instead of putting in minimum effort

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