People think that raising the minimum wage can benefit people who have low-income. Well, known business and corporations do not want the minimum wage to increase, as of a result they will have to pay their employees more and corporate will lose money from paying their employees more. According to “Issue: Minimum Wage” (Marcia Clemmitt) “Business owners in some labor-intensive, low-wage industries face serious uncertainties when minimum wages rise.” Also, companies would rather pay a teenager and not an adult because adults would complain about being paid minimum wage. Adults make a living off of what they earn teenagers have a job so they can have extra money when they go out. If minimum wage increases that means that everything will be more expensive since their income is rising.
The main reason Americans who work full-time may live in poverty is because of how they spend their money. Minimum wages are fine the way they are and should not be raised. Raising the minimum wage would increase the cost of doing business, which would have a negative effect on the still-fragile economy. The unemployment rate in America is 6.7 percent, which translates to eleven million Americans looking for jobs. With a hike in the minimum wage it would be harder for businesses to hire new employees or even keep the ones they already have.
This also means more taxes can be claimed back at tax time. Lower minimum wage means that there is less time for employee’s families and self-time, because they will have to work more overtime just to get that extra money on their paychecks. Having little family time due to working day in and day out, could cause families to fight and end up splitting. All-in-all raising minimum wage will provide happy employees, because they will be able to have more family time. No overtime would have to be worked unless they absolutely wanted to work more.
No one will want to have their wages cut. Furthermore it seems very unrealistic to have someones wages cut down to benefit the economy. However, Michael Saltsman states “Let’s make teens less expensive for private employers to hire. Let’s lower their minimum wage”. lowering the minimum wage would bring as many problems as solutions.
Although minimum wage supporters aggressively advocate for a raise in the minimum wage, I believe that we need to remove minimum wage laws if we truly want to benefit American citizens and the economy as a whole. Its supporters often peddle the minimum wage as a means of economic justice to insure that unskilled workers receive a fair, living wage and are not taken advantage of by employers. However, a minimum wage is actually a bad economic policy, veiled in good intentions, that is inefficient in its goal. Ignorant of the harm that such policy creates, minimum wage supporters become drunk on the feeling that they have made a change for good and like an addict hooked on snake oil claimer for more. The minimum wage needs revoking because
Many states have actually increased their minimum wage. Though, some states were just not satisfied with their outcome. By reduced desire in career advancement is the reality that people feel like if minimum wage were to increase, they would not care to do better in life nor further their education for a better career because they will feel like the money they are
Sanders, Period 4 May 2, 2014 Debates rough draft The Federal Minimum Wage Should Not be Raised Raising the minimum wage is likely to do more harm than good towards businesses. The Federal minimum wage being $10.10 and hour would lead to high unemployment rate, especially among teens. There are some better ideas of things that can be done to create a better economy and help people get the money they need. A high minimum wage comes with many negative effects that could lead to thinking that keeping the wage as it is right now would be the best option. Since the Federal minimum wage is already a high rate, it would be pointless to make it even higher when our country is already in debt.
In the article “Minimum Wage,” Barbara Mantel explores the views of her opponents who would like to see minimum wage increased, and states ‘that it would lead employers to automate workplaces and reduce job opportunities for the lowest-skilled workers, while doing nothing to reduce poverty or help the economy.’ Supporters of the increase in minimum wage do not realize that while helping some portion of the working-poor, the increase will not help those who fall into the non-working poverty category. One of the arguments of the opponent is to decrease poverty in America. However, increasing minimum wage is not going to do that because the minimum wage was created to make the labor structure fairer, not to alleviate poverty
People will lose their jobs to keep businesses running. Teens and college kids will not have a place in the workforce causing them to start off with financial problems. The economy could fall apart from the cost of living increasing too much too fast. People would argue that it is better to raise the minimum wage but they are misinformed. They want change but the wrong kind.
The government keeps increasing minimum wage, and making it tougher on businesses and at the same time discouraging unskilled workers from bettering themselves, and for what. The economy is not booming, and even with increasing minimum wage rates the economy is not seeing any extra money being put back into circulation. As well, the higher minimum wage rate keeps raising the level of unemployment. I feel that if we put the burden on the people of Ontario to be and do the best they can that we would not need minimum wage. The skills that we could produce would be widely demanded, so it would be to the benefit of many other unskilled minimum wage earners to support the abolishment of minimum wage legislation.