Recently, many people are calling for an over 100% increase in the federal minimum wage from $7.25 an hour to $15 an hour. There is a claim that it would be good for the economy in many ways. It is believed that raising the minimum wage would increase spending within the economy, which would enable businesses to grow and hire more workers, and the cycle goes on.
The reality is that minimum wage jobs are designed for an unskilled high school student who is learning how to balance a job and other aspects of their life. Increasing the minimum wage for unskilled workers dismantles any incentive for workers to gain skills to become teachers, or any other integral part of any community. Why would they spend the money on school and licenses, when
The reality is that minimum wage jobs are designed for an unskilled high school student who is learning how to balance a job and other aspects of their life. Increasing the minimum wage for unskilled workers dismantles any incentive for workers to gain skills to become teachers, or any other integral part of any community. Why would they spend the money on school and licenses, when