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.
Companies are being forced to take other alternatives because of higher labour costs for unskilled workers. Businesses are forced to: 1. Cut back current employees hours 2. Not hire any more employees &n... ... middle of paper ... ... should be rated and fluctuated by these categories. Unfortunately minimum wage disregards all of this.
Minimum wages should not be raised. Raising minimum wage will cause employers to decrease their employees working hours which affect the employee and the business. Also, there would be an impact of job losses on a still-fragile economic recovery. Although some may argue that no one who works full-time in America should have to live in poverty, Americans are paid higher wages than the average employee in Mexico. The main reason Americans who work full-time may live in poverty is because of how they spend their money.
This means that the government tries to make a better living for everyone but in the end, it ends up hurting workers who are no longer worth the minimum wage pay. This hurts the community because less jobs are available to people trying to get a better paying job.
If hours are not cut and employees are not let go, businesses would be forced to fall. Minimum wage is not considered a livable affordable wage this is a problem for unskilled, uneducated people straining to start a career, or feed a family. To fix that problem the government would raise the wage to ignorantly short-term fix a problem, causing a long-term issue of inflation. Increasing minimum wage causes the worth of the dollar to decrease and ultimately causing inflation and rise of prices in all
The quality of life for minimum wage families is terribly low, and that is unacceptable. As humans, we should be looking after others and helping the poverty come out of their continuous cycle. Raising the minimum wage would not only help families be able to afford a better quality of life, but help them to afford healthy food, get an adequate education, and invest in the necessary health care they need. Many people against raising the minimum wage create arguments such as, “it will cause inflation”, or, “ it will result in job loss.” Not only are these arguments terribly untrue, they also cause a sense of panic towards the majority working-class. Since 1938, the federal minimum wage has been increased 22 times.
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.
When the employee’s hours are reduced they earned less money, which hurts them financially. An immeasurable amount of small businesses are refusing to grow, in fear of higher taxes and the amount of money they have to spend on healthcare for employees. Many employers are trying to avoid paying higher insurance premiums. However, as of today policy for healthcare premiums is already higher than in the past which has many complications due to the rising cost of coverage. 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.
While having a higher income would be beneficial to some, “those who lose their job because they’re now more expensive to employ are most certainly worse off.” (Saltsman) And those who do keep their jobs aren’t always the ones struggling to make ends meet; “the average household income of workers earning the Federal minimum wage is $62,507 [per year].” (Sickler 25) That’s because most minimum-wage-earners are not the primary source of income for their families but, rather, young people with little to no experienc... ... middle of paper ... ...and demand, the decaying economy of the United States will stop festering and even begin to heal. Certainly, the drawbacks of a minimum wage plan are far more severe than first imagined. It would not create jobs but destroy them, as well as the lives of thousands of Americans currently living in poverty. Consequently, such a decision as rash as raising the minimum wage is out of the question when the topic of unemployment arises. Works Cited Weinstein, Robert.
This essay will argue that the government should distribute subsidies for some people who are able to work, but cannot find a jobs to reduce economic problems, improve the standard of living of the unemployed, and even reduce crime. Unemployment basically means people who lack of seeking jobs. “The unemployed are people able, available and willing to work at the going wage rate but cannot find a job despite an active search for work” (Riley, 2012). Unemployment occurs when an expansion in demand rates, while the economic growth goes downward and layoff starts increasing because of a depression from the economy (Hardman, 1999). High rates of joblessness are the main obstacle that is damaging the social development as a whole.