In this past election cycle, the minimum wage has been a hot topic. There was a wide spectrum of debate, from simply keeping the same minimum wage to raising the minimum wage to $15 an hour. Although a $15 minimum wage may sound great to many people, there is no logical reasoning to raise the minimum wage to that level. Many people enjoy joining the movement to raise the minimum wage, but they do not take the time to think about the outcomes of a nationwide $15 minimum wage. A $15 minimum wage should not be implemented nationwide due to the fact the effects of such a large increase cannot be predicted, the costs to consumers, employees, and businesses, and what has happened to Seattle after a $15 minimum wage has been put into effect. Whenever
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An often overlooked fact is that more than just the workers who earn minimum wage will receive a raise. Anybody making less than $15 per hour would then receive an increase to $15, or higher. If an employee has worked hard and earned a $15 per hour wage, they would then receive minimum wage once again. A company then has to raise everybody’s wage to $15 an hour and then deal with raising anybody else’s wage that demands to make more than minimum wage. Along with raising everybody’s pay, job cuts are also overlooked. If an employer has to double everybody’s pay, job cuts will have to happen. The fact of the matter is that companies then have to spend much more money on payroll and will lose revenue unless they raise all of their prices, or cut …show more content…
From recent knowledge and research, Seattle, Washington has implemented a city wide $15 minimum wage. Although the wage has been set to rise in increments, problems have already been appearing throughout the city. One issue is that many workers have requested fewer hours in order to keep their government benefits since they would receive too much money. Also, many small businesses have had to permanently close due to the wages implemented. Although this is just in Seattle, small towns definitely would not be able to efficiently deal with a $15 minimum wage if a large city such as Seattle could
An often overlooked fact is that more than just the workers who earn minimum wage will receive a raise. Anybody making less than $15 per hour would then receive an increase to $15, or higher. If an employee has worked hard and earned a $15 per hour wage, they would then receive minimum wage once again. A company then has to raise everybody’s wage to $15 an hour and then deal with raising anybody else’s wage that demands to make more than minimum wage. Along with raising everybody’s pay, job cuts are also overlooked. If an employer has to double everybody’s pay, job cuts will have to happen. The fact of the matter is that companies then have to spend much more money on payroll and will lose revenue unless they raise all of their prices, or cut …show more content…
From recent knowledge and research, Seattle, Washington has implemented a city wide $15 minimum wage. Although the wage has been set to rise in increments, problems have already been appearing throughout the city. One issue is that many workers have requested fewer hours in order to keep their government benefits since they would receive too much money. Also, many small businesses have had to permanently close due to the wages implemented. Although this is just in Seattle, small towns definitely would not be able to efficiently deal with a $15 minimum wage if a large city such as Seattle could