There are many people in today's society who believe that raising the minimum wage to $15 an hour is the best way to alleviate debt, and give 51 million Americans much needed relief, but I disagree. I think that if we leave the minimum wage rate as it is it will leave more people with jobs, and we will have fewer people out on the streets.
While reading Ralph Nader’s article on why we should raise the minimum wage I realized he never mentioned the consequences of said action. The cons of raising the minimum wage are layoffs: if an employer’s compensation has a tight budget and the minimum wage rate is raised, it means that they can’t compensate the same number of employees at a higher rate, and must let people go to keep within budget. “So,
While reading Ralph Nader’s article on why we should raise the minimum wage I realized he never mentioned the consequences of said action. The cons of raising the minimum wage are layoffs: if an employer’s compensation has a tight budget and the minimum wage rate is raised, it means that they can’t compensate the same number of employees at a higher rate, and must let people go to keep within budget. “So,