The Minimum Wage Should Be Increased Essay

814 Words Nov 12th, 2014 4 Pages
Today the minimum wage is $7.25 which is much lower than it should be. Throughout the country are people trying to provide for their families on minimum wage. However, when a person makes only minimum wage it is very difficult to provide for a family. The minimum wage should be increased because of the many positive things that it can do for both the economy and people.
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 currently are. In the article Move will kill jobs, hike prices Ira Stroll says “Higher wages don’t just come out of corpo- rate profits. They are passed along to consumers in higher prices. And the higher the mini- mum wage, the greater the incentive for restaurant management” (A011). On the contrary increasing minimum wage will provide workers with more money to pay their bills and extra money for leisurely expenses. For example when a person receives a larger paycheck then bills will be much easier to pay and then the money that is leftover will either be spent throughout the week…

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