Minimum Wage Should Be Legal Essay examples

703 Words Jun 30th, 2015 3 Pages
A highly debated topic is what the minimum wage should be for workers in America. This is the bare minimum that a person needs to live or that is its intent. Some people feel that it is too low, and that we should raise it. The United States Department of Labor says the raising the minimum wage will be good for the economy and also good for business (Minimum Wage Mythbusters). However some people think raising the minimum wage will be bad. The CATO Institute, in their Four Reasons Not to Raise the Minimum Wage article, bring up the points that raising minimum wage would, “result in job loss…, hurt low-skilled workers…, and higher prices for consumers” (Four Reasons Not to Raise the Minimum Wage). We should not raise the minimum wage. The U.S. Department of Labor gives many points as to why it would be beneficial to raise the minimum wage. One point they suggest is that raising the minimum wage is good for business. They state that, “academic research has shown that higher wages sharply reduce employee turnover which can reduce employment and training costs” (Minimum Wage Mythbusters). The point they make here makes sense because there will likely be less jobs available if the employer has to them more, thus increasing the motivation of the employee to keep the job. Another point they suggest is that is that it will be good for the economy. Specifically they state that, “Since 1938, the federal minimum wage has been increased 22 times. For more than 75 years, real GDP per…

Related Documents