Persuasive Essay On Raising Minimum Wage

The effect of a surplus drives down an individuals reservation wage, as they are willing to do and take anything for work. Minimum wage only makes this fact more severe, as it increases the supply of workers. Minimum wage increases the cost of doing business, and unfortunately in today's economic conditions employers are not able to pass on the extra costs to the consumer. Minimum wage is not helping workers, it is hurting businesses, and to maintain any profit, and follow legislation companies have to cut labour costs somehow. Companies are being forced to take other alternatives because of higher labour costs for unskilled workers.

Other low-income jobs like teaching would suffer from this. After people quit, there would be more people trying to get these jobs that pay so much for so little work effort. Job loss, people being placed in higher tax brackets, inflation, and greater job competition are all results that would occur if the minimum wage is raised. It would be harder for businesses to expand because of the costs of workers. Taxes would increase for many people.

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.

From 2007 to 2009, the minimum wage increased from $5.15 to $7.25, where is still ... ... middle of paper ... ...ect all Americans, those making minimum wage and those with salaried jobs making above the bare minimum. Even though people are making more money, they will be spending more money on the necessities for life. Raising the minimum wage to the proposed level would be crippling to the American economy. Research shows that it would help many people greatly, but rid many more Americans of a job entirely leaving them no way to support themselves and their families. The same scenario would reoccur just as it did when the minimum wage was raised before: jobs would be lost.

It is very difficult to live in America if you are living off of minimum wage, and many Americans are living off of it today. Raising minimum wages has its benefits like gaining more money to live better, but people do not see the down side of the increases in wages. With the increase in minimum wage, it also causes the cost of living to increase. How can this help the economy or help people? Minimum wages in America should not be increased because it will cause cost of living to increase, reduce employment, and cause businesses to lose money and workers.

In paying for higher insurance and also the fines in which small business incur, employers will have to cut expenses to keep their business running smoothly and profitably. Therefore, employers will have to cut workers hours, which means their most valued and hardworking employees will probably walk away to work for a larger company who offers more hours or a full time position which includes health care benefits. James Hamblin from The Atlantic (... ... middle of paper ... ...because of all the money they have to pay out many would not be able to have a profitable business. Many business owners will rather cut their workers hours and not pay for health insurance coverage. This will only force them to hire part time employees which has already began to take place in many small business including the many corporations as well.

Thus, this might be possible, but many say not without some serious consideration. There will be many consequences with increasing minimum wage. Although increasing minimum wage will give workers more money, minimum wage should not be increased because it will increase prices, cut jobs, and hurt national budget. While some may feel increasing wage will create additional financial issues, others feel that increasing minimum wage will give workers more money. The national minimum wage in the United States is $7.25.

Although America is a beautiful and wonderful place to live, to survive, minimum wage will need to be raised. Many others feel that if minimum wage is raised then it would greatly cause jobs to hire less people. This is because they are under the impression that the labor laws will come into effect, and business will began to cut employees and their hours. Three reasons why minimum wage should be raised are because the cost of living is too high, raising minimum wage would motivate middle class people to want to get a job, and by

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 and need an income they can live on. Yet, raising minimum wage would do the opposite and make employers have to fire people who earn minimum wage, because they can't afford the higher wages. People need to realize that increasing the minimum wage would hurt people more than help them. In the end increasing minimum wage would result in some people being let go, for the reason, businesses can't afford paying them minimum wage anymore.

Companies may have to eventually shut down if they are not able to pay their employees like they need to be paid. If the minimum wage increased and businesses/employers have to pay those higher minimum wages (higher salaries/income) to their employees. To offset them having to pay more money to their employees, they offset that extra cost to the customers or consumers generally who shop with them. It creates a ripple effect for a city, county, or region. Prices have been going up without the increase of minimum wage so imagine when if I does happen to go up.