On the other side of the argument Americans believe that with the increase of minimum wages it would help Americans out a lot more. One possible way that the increase in minimum wage may help an individual out is in the article Minimum wage Pros and Cons, “The Economic Policy Institute stated that a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period. Though this may be true, one problem is if the minimum wage increases part time jobs would be cut and these jobs would be a full time job with the amount of pay one will be receiving and there would be no job opportunities for teenagers in high school and college. Another positive way minimum wage increase has on people states in the Newsmax article is that, “more lower-income people would have more money in their pockets, so this would help boost the economy” (Newsmax). Yes, an increase in wages would help lower income people receive more money each year for a living, but many of these jobs will require experience and some level of education.
These increase wages are hiding the fact that if these j...
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... spot, a raise or even a better job opportunity if they were to get a degree.
Minimum wage increase has both positive and negative sides to many Americans. 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. 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. If minimum wages were increased the price of consumer goods and cost of living will increase. Cost of living is average cost of food, clothing, and other necessary and goods a person, family or group needs. Many jobs would be lost due to high wages, and not enough experience that businesses will want. There are many negative sides to minimum wage increase. In my opinion I don’t want it to raise to $15 an hour.
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