Persuasive Essay: The Problems Of Raising The Minimum Wage

Improved Essays
Minimum Wage for Minimum Skills The war over minimum wage in America is roaring on. On one side, people argue that raising the minimum wage will help many escape poverty and maybe even provide more jobs. On the opposing side, people argue raising the minimum wage would only reach half of those who really need it and result in a major loss of jobs; therefore, it would be unsuccessful (Gray). Of these two sides, I agree with the latter. Through my research, I have found out that there is going to be more harm than done if we increase the minimum wage. There will be many problems that will occur if we raise the wages. First off, raising the wage is unethical. Raising the wage would result in many people quitting because of new worker’s pay jumping up close to those of experienced workers who have worked their way through the system. Also, and most importantly, raising the wages would result in a great loss of jobs available in the workforce due to labor being too pricey or laborers getting replaced by cheaper technology. …show more content…
Upping the wage is only an unethical lousy attempt to counterattack our economy being down. Raising the minimum wage would only reach out to 50% of people who really need it. Also, it would cause more bad than good, in both short term and long-term effects. One of the most terrifying short-term effects that raising the wage would result in is a loss of million jobs in the workforce. Losing that many jobs would be bad for the people of our country and in overall put our economy in a bad place. A long-term effect is that raising minimum wage would also lead to a spike in consumer prices, which could affect our economy by causing inflation and even continue to effect our next generation. In all, I think we should all take a step back and look at the many negatives and the few positives that would come from raising the minimum

Related Documents

  • Decent Essays

    In the reading of Minimum wage and magical thinking he discusses that raising the minimum wage would have a negative impact and would actually hurt those that it is supposed to help and I would agree. Raising the minimum wage would cause inflation to rise, thus basically canceling out what it was intended to do and making the US dollar worth less. Secondly, minimum wage increase would cause the price of goods to rise and then less people will be buying so, then you are paying employees more and making less revenue. Lastly, this would hurt the very people that raising the minimum wage is intended to help because the number of jobs that are entry level or low skilled will drop and then people who were making a 7.25 minimum wage will now be…

    • 810 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Minimum Wage Solution

    • 952 Words
    • 4 Pages

    Although it would benefit many, the result would be catastrophic to an already massive divide between social classes. Only if a company could maintain their current workforce, while raising their lowest wage to a reasonable figure, could the government enforce a more reasonable wage…

    • 952 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Minimum Wage Debate

    • 872 Words
    • 4 Pages

    Increasing the minimum wage makes it more challenging for businesses and companies to pay their employees. After watching “Should We Raise the Minimum Wage” I had a more clear perspective on the role businesses and companies play in regards to minimum wage. If minimum wage increases it means that businesses and companies have to pay their workers more causing a loss in profit. Their solution to avoiding this loss in profit is to fire employees. Entry level workers will be the first to be fired because they are not the source generating high profits.…

    • 872 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In todays’ economy the minimum wage sits at a low $7.25. The argument against raising the minimum wage is that it will hurt business when really it will help them. Many people today believe that if the minimum wage is increased then the cost of many products may increase. The reason for this is that when a company has to pay employees a few dollars more per hour then there is a substantial amount of money out of pocket. This cost must either be paid by the company or it may cause the price of products to increase above what they…

    • 814 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    A major downside to raising the minimum wage is employers would not be able to hire as many people, which will cause unemployment rates to go up which will hurt the economy. Another major factor to this issue is that it will cause price inflation which will cause businesses to raise their prices to accommodate the higher wages. Young blacks who are ages 18-29 tend to spend more than they earn will most likely to pour more money into the economy. This would help the economy in a big way but it will cost a lot for the people having to spend more that will most likely fall into the poverty line. Between ages 18-29, men and women are supporting to increase the minimum wage at 80% for men and 86% for women, while opposing is at 18% for men and 86% for women.…

    • 1229 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    In order to keep a business profitable you have to bring in more money than you send out. So, to lower costs the first and most logical option is to fire people and let others pick up their slack. This contributes to the rising unemployment rate. They express this in their second point by saying, “it would hurt lower skiled workers” (Minimum Wage Mythbusters). In one analysis they cover, a small increase in minimum wage resulted in about a 20% reduction in jobs for people with these jobs (Minimum Wage Mythbusters).…

    • 703 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Would there be more positive or negative effects? The minimum wage shouldn’t be raised to $15 an hour because it will be a disadvantage for society. By raising the minimum wage there will be more unemployment, it will make merchandise become more expensive, and it is unfair for other people who went to school and/or risk their lives to just be paid the same amount. People who usually work for minimum wage say things…

    • 726 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Minimum Wage Model

    • 1344 Words
    • 6 Pages

    Minimum Wage Although it may seem like a good idea to many people, raising minimum wage would hurt the United States in many different ways. The people fighting to raise it aren’t aware of the many problems that this would lead to if we raised the minimum wage from seven dollars and twenty-five cents too around fifteen or even ten dollars. These drawbacks could be jobs being lost, higher taxes, and inflation, all of which would defeat the purpose of raising minimum wage. Many jobs are minimum wage and many of those jobs would dissolve. “Between 2004 and 2006 after the minimum wage being raised in New York City, the employment rate for less-educated younger workers dropped nearly twenty percent”, according to an article written by Saul D.…

    • 1344 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    Damaging Consequences of Raising the Minimum Wage Who wants to earn more money for performing the same work? Most of the working population would say “sign me up”. An often-debated way to accomplish this would be for the federal government to raise minimum wage. While on the surface, this simple idea may sound like a win-win proposition; but when logic and simple economics are applied, the result is a lose-lose proposition. Raising the federal minimum wage can actually have adverse effects on the economy and the portion of the work force that it is intended to help.…

    • 2029 Words
    • 9 Pages
    Great Essays
  • Improved Essays

    Increasing the Minimum Wage is Not the Answer Before the Government introduces the new increase in minimum wage, often referred to as the ‘living wage’, they must consider the significant impact of the consequences of doing so. The increase in minimum wage has fatal consequences for the very people the government is trying to help, the poor who are affected by an unfair tax system. The introduction of this new arbitrary increase in wage will hit the poorest the hardest; the loss of jobs to automation and productivity, and, by proxy of the soon-to-be the minimum wage, the brutal effects of inflation. The opposition will claim that anyone against the new living wage is oppressing the poor, but that very same opposition fail to fully explain what the living wage is based on, except the abstract argument that it is based on basic living costs – do we all not have different living conditions?…

    • 1013 Words
    • 5 Pages
    Improved Essays

Related Topics