The minimum wage was first established in 1938, and it was twenty five cents. Going forward the minimum wage has been raised periodically throughout history, to the current minimum wage of $7.25. Many view the minimum wage as a shield to protect them from big business. However, The minimum wage is seen as a baseline or an entry wage for people to work up from. Minimum wage hurts the economy by limiting the ability of employers and reducing economic freedom. Therefore, The proposal to raise the minimum wage would compromise the working class of america, by hurting the economy and doing little to help those in need.
The proposal to raise the minimum wage would not go to the people who need it most. the raised minimum wage would not help those who need it, as this expert says in this quote, “Only 19% percent of the minimum wage increase would go to people in poverty”(Ozimek). This means that …show more content…
By raising the minimum it will destroy low income jobs, for families and people trying to find a entry job to make a living, as seen in this quote, “A higher minimum wage encourages firms to hire already trained workers...eliminates opportunities for low skill workers”(Ozimek). When minimum wage is increased businesses look to hire already trained or experienced workers, because they are far less expensive to train. Leading to decreased job growth hurting the economy and the hard working families of america. Not only will it decrease job growth, but the raise in minimum wage will cause a great amount of inflation, further hurting the working class(Huppke). When the minimum wage is raised businesses will have to find money to pay their employees, and to do this they will raise prices making families’ hard earned money not go as far. With price increase families can expect, a decrease in the economy and everything that comes with it, however you can expect even more hardships on the low wage working
The proposal to raise the minimum wage would not go to the people who need it most. the raised minimum wage would not help those who need it, as this expert says in this quote, “Only 19% percent of the minimum wage increase would go to people in poverty”(Ozimek). This means that …show more content…
By raising the minimum it will destroy low income jobs, for families and people trying to find a entry job to make a living, as seen in this quote, “A higher minimum wage encourages firms to hire already trained workers...eliminates opportunities for low skill workers”(Ozimek). When minimum wage is increased businesses look to hire already trained or experienced workers, because they are far less expensive to train. Leading to decreased job growth hurting the economy and the hard working families of america. Not only will it decrease job growth, but the raise in minimum wage will cause a great amount of inflation, further hurting the working class(Huppke). When the minimum wage is raised businesses will have to find money to pay their employees, and to do this they will raise prices making families’ hard earned money not go as far. With price increase families can expect, a decrease in the economy and everything that comes with it, however you can expect even more hardships on the low wage working