Should Minimum Wage Be Paid?

1421 Words 6 Pages
Imagine working a full time job at minimum and just barely making through the week with nothing left and nothing to show for it. On the side now image being a business owner just making it and trying to make jobs for people but now have to close due to the fact you can’t pay your employees now. Cost of living is now more expensive than it ever has been before, so to compensate that minimum wage is being raised. Minimum wage goes all the way back to King Edward III but in United States it was not established until 1938 at twenty-five cents an hour and was ruled on by Supreme Court in 1941 (Aliprandini). It was raised to seven dollars and twenty-five cents of July 24, 2009. For people under the age 20 may be paid at four dollars and twenty-five …show more content…
Large business tend to have multiple business that can span over a county to state wide. They have much more income than smaller business, so they have more opportunities and are willing to take some financial risk. Any good business needs to be smart and the choices they make, but large business can do that more since they have more capital. On the subject of raising minimum wage large business tend to favor it then most. This is because majority of the people that work at large business tend to be on salary or make a significant amount more than minimum wage. For the few people who do make minimum wage the increase in pay would not affect larger business. Larger business might even seen an increase of income due to that fact more people will have a greater income, so they will spend more at those businesses in theory (No decent living). Larger business views on raising minimum wage are that they are for it and it could help …show more content…
Small businesses don 't want to raise minimum wage because it is not clear whether it will help or hurt them, so they are against raising minimum wage due to the fact they don 't have a lot of capital to lose. Now large business are much more supportive of raising minimum wage because they don 't have lots of employees on minimum wage and have more lean way with their capital. Corporations can go both ways on raising minimum wage. It could really help them but also could really hurt them. It goes the same way for the general public because it is not certain what will happen if minimum wage increases. Minimum wage will definitely be raised at some point, but the question is when or how to do it. What 's your view on raising minimum wage? What would you do about minimum wage? Don 't only think about you but also your family, friends, and the people and businesses of

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