Minimum Wage And Why Should It Not Be Increased Essay

Minimum Wage And Why Should It Not Be Increased Essay

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What is minimum wage, and why should it not be increased? Per Dictionary.com, Minimum wage is the lowest wage payable to employees in general or to designated employees as fixed by law or by a union agreement. Minimum wage should not be increased past the equilibrium of the economy for many reasons. If increased, numerous complications will arise. For starters, due to inflation employers will begin to lose customers, causing them to raise the prices of their product. Moreover, employers are more likely to reduce the amount of employees they have, as well as the amount of hours their current employees work. There will not only be a reduction in the amount of low wage workers but in higher wage workers as well. Higher wage workers will begin to demand an increase in their wage due to an inflation in the economy. Another disadvantage would be the lack of importance in gaining a college degree, or even graduating high school, due to being supported by a minimum wage job. Raising the minimum wage may initially benefit those who live in poverty. However, ultimately the disadvantages of an increase in minimum wage will largely surpass the benefits.
The Fair Labor Standards Act (FLSA) established the federal minimum wage in 1938 to ensure that employers do not extort their employees. Over the years, the minimum wage has been amended several times, but most recently in 2007 when the wage was raised to $5.15 per hour. Initially in 2013, President Obama called on Congress to raise the minimum wage to $10.10 per hour. As discussed in ‘Legislative Background on Fair Labor Standards: Action by Congress on the Federal Minimum Wage,’ the minimum wage bill was defeated and remains at $7.25 with an amendment made to the H.R. 803 bill, which is no...


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... what you are depending on, well I think that’s kind of sad. Where is your motivation in life? I know you aren’t going to find it in a McDonalds.” Although Kyle does not have the same beliefs as he probably would have when he was younger, the end result is clear. Making college difficult with high tuition fees against an easy job with a high minimum wage, many young Americans will most likely pick the latter.
In conclusion, minimum wage should not be increased at this time because of the overall negative affect it will have on the American people. Not only will the increase cause multiple problems for present business owners but the adverse effects will be seen for years to come and in the future generations of business owners. Ultimately, the minimum wage will not increase drastically right now because of the lack of support within Congress and of many Americans.

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