The Federal Minimum Wage Should Be Increased Essay

1136 Words Apr 12th, 2016 null Page
According to procon.org, the federal minimum wage was introduced in 1938 under President Franklin Delano Roosevelt during the Great Depression. It was set at a quarter which is about $4.11 in modern America today. The minimum wage has been increased twenty-two times by Congress; the most recent increase was in 2009 when it changed from $6.55 to $7.25. There are twenty-nine states including Washington, D.C that has a minimum wage higher than the federal minimum wage. Around 2,561,000 workers earn the federal minimum wage or below.
I am opposed to the federal minimum wage being increased, if it is increased it will inflate the prices for products, unemployed many people, increase poverty, and if it does rise, what would the need for a college education mean anymore.
Increasing the minimum wage would force businesses to lay off employees and raise unemployment levels, the Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs, according to Harvey. In a survey of 1,213 businesses and human resources professionals, 38% of employers who currently pay minimum wage said they would lay off some employees if the minimum wage was raised to $10.10. 54% said they would decrease hiring levels, according to Cooper and Sherk. San Francisco 's Office of Economic Analysis said that an increase to $15 would reduce the city 's employment by about "15,270 private sector jobs." So many people would lose their jobs and…

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