As shown in the Public News Service “Twenty-Nine states have set their minimum wage to $10-15.” During the summer of 2015, the New York wage committee decided to raise the minimum wage to $15. (Dilts) However, states that did not increase the minimum wage was thinking the consequences that will come after it. Then, throughout the media people such as, Connie Bennett at the Chicago’s McDonald’s, argued that all Americans who have low paying jobs struggle to make ends meet with bills, food, and other needs. Throughout the nation more people want to raise the minimum wage, yet they don’t understand the con’s in doing so. By raising minimum wage it causes a chain reaction for businesses to raise their prices, and hurts the poor for job search
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This means it harms the young adults and teenagers because of how little they work experience and take jobs that require fewer skills. A comprehensive survey from the Pew research center survey stated that “10 percent increase in the minimum wage reduces the employment of young workers by 1 or 2 percent.” Meaning that if the minimum wage is increased businesses will have to hire more productive or more intelligent workers to work. Teenage workers are usually worth less to a business than older ones because they have fewer skills. The other thing I will talk about is competition …show more content…
Almost all worker members make well above the minimum wage, but making an increase to the wage they would reduce the competition from less-skilled workers who have lower wages. Which means that high skilled workers are paid more than less-skilled workers and between them there is no competition of who works hard or not. Like for example if this person has a higher education than high school, he 'll get paid more, but if this person is still in high school and has no knowledge of how stuff works he gets paid less. Now I will talk about how the minimum wage reduces benefits of your job.
Even if the minimum-wage increase does not put low paid workers out of work, the business would not necessarily help them either. The reason: “Employers respond to force higher wages by adjusting other components of employee compensation.” Said David Henderson from the National Center for Policy Analysis. Such as health insurance or other benefits that the employee needs to make ends meet. Like if the employee gets sick and wanted the paid sick leave or the FMLA, they get comprehensive pay while they’re at home sick. Businesses will have to remove that or even such things you need in a
This means it harms the young adults and teenagers because of how little they work experience and take jobs that require fewer skills. A comprehensive survey from the Pew research center survey stated that “10 percent increase in the minimum wage reduces the employment of young workers by 1 or 2 percent.” Meaning that if the minimum wage is increased businesses will have to hire more productive or more intelligent workers to work. Teenage workers are usually worth less to a business than older ones because they have fewer skills. The other thing I will talk about is competition …show more content…
Almost all worker members make well above the minimum wage, but making an increase to the wage they would reduce the competition from less-skilled workers who have lower wages. Which means that high skilled workers are paid more than less-skilled workers and between them there is no competition of who works hard or not. Like for example if this person has a higher education than high school, he 'll get paid more, but if this person is still in high school and has no knowledge of how stuff works he gets paid less. Now I will talk about how the minimum wage reduces benefits of your job.
Even if the minimum-wage increase does not put low paid workers out of work, the business would not necessarily help them either. The reason: “Employers respond to force higher wages by adjusting other components of employee compensation.” Said David Henderson from the National Center for Policy Analysis. Such as health insurance or other benefits that the employee needs to make ends meet. Like if the employee gets sick and wanted the paid sick leave or the FMLA, they get comprehensive pay while they’re at home sick. Businesses will have to remove that or even such things you need in a