Should Minimum Wage Be Increased Essay

Good Essays
Should the minimum wage be increased? Recently in the news, multiple people have been arguing if the minimum wage should be increased and the repercussions in raising the minimum wage. A few of the reasons we have a minimum wage is to protect workers from being given an unfair amount of money for the work they do and to protect them from poverty. Throughout the years, the minimum wage increased numerous times. The minimum wage was increased to help keep up with inflation in the past. Some economists argue that when the government raised the minimum wage, the minimum wage increase had negative effects on the economy. Others argued differently by telling people that more people accessing jobs rather than losing their job. Raising the minimum …show more content…
People will lose jobs to robots that are capable of doing mundane work that requires simple little skills. Employers of small businesses will be unable to pay workers above today’s minimum wage, so people would be compelled to do more work in little time to make up for the minimum wage increase. When the minimum wage increases, employers are likely to hire someone with more skills than someone who has fewer skills. This will lead to a higher unemployment rate. Also, people will be less motivated to go for promotions or find a better paying job. People will have a harder time finding jobs out of high school, so people will be required to continue their education to improve their chances of finding a job. Raising the minimum wage will not help the poverty issue because people already make between the minimum wage and whatever the minimum wage will be. This will force employers to raise everyone’s pay above the minimum wage. The pay increase for minimum wage would not help reward the employees who do more than their job titles, since everyone would obtain the pay increase. People would quit their jobs since the people who might not show up or do their job would also obtain a pay increase for doing nothing at

Related Documents

  • Decent Essays

    Minimum Wage Debate

    • 872 Words
    • 4 Pages

    Entry level workers will be the first to be fired because they are not the source generating high profits. This then leads to further complications such as poverty. Another solution for businesses and companies to prevent profit loss is raising the prices of their goods and services. As previously mentioned, it has been a trend for inflation to rise as the minimum wage increases. If this trend were to continue there would be no significance in raising the minimum wage because people would continue to struggle to afford expenses.…

    • 872 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    There are many people like me that would have a much higher standard of living because I do not have a family to support. If minimum wage was based on what would be enough to raise a family, then there would be less incentive for people to get a higher education that does not plan on having a family. Furthermore, this would not be good for generations to come because there will be no openings for minimum wage jobs do to people not moving on to better-paying jobs. Moreover, I currently am working for minimum wage and have no family to support. Also, I am a student studying Mechanical Engineering.…

    • 986 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    By trying to fix our problem there is a thin line between what will help and what could end up doing more harm than good and even possibly pushing us into another recession. What some people suggest is drastically increasing the minimum wage something that I do not believe would help, but in the end hurt citizens in poverty. Instead of trying so hard to increase minimum wage people should be trying to better themselves into jobs that don 't pay minimum wage. Also, raising the minimum wage will cause people to have less drive to do better and find something more important than an entry level…

    • 810 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Minimum Wage Rejection

    • 1087 Words
    • 5 Pages

    Supporters say it will help the economy but the facts just are not there. A minimum wage increase will only help a handful of people and the people it will help are not the people who need it. What people do not realize about increasing wages is that it will raise the cost of living at an even faster rate. An increase will also make the value of the dollar go down and there will be inflation, causing the cost of goods to go up, making a minimum wage increase irrelevant because workers will be right back to where they started. Higher wages will make it harder for people to get jobs and that is not helping the unemployment issue.…

    • 1087 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Since businesses will not want to hire an inexperienced person, getting started in a new field will prove difficult. This will reduce the opportunity to gain skills from working and make the process of getting a job harder for students fresh out of college. Federal minimum wage remaining at $7.25 will not close businesses, cause a rise in the cost of products, or increase the unemployment and poverty rate. Based on the facts, minimum wage should not increase and the country will not experience any losses. If minimum wage does increase, the repercussions will be seen by minimum wage workers and their families first.…

    • 677 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    They must pay a higher minimum wage, fewer hours and jobs are available for less-skilled and less-experienced employees. As the wage rate rises, it becomes more expensive for firms to hire workers, and so firms hire fewer workers. In the final analysis, there should not be a minimum wage. Minimum wage minimum wage jobs aren 't paying enough to keep families out of poverty, and minimum wage is not something you want to stay on as a permanent basis. When the government imposes a higher minimum wage, employers face higher labor costs and are forced to respond by decreasing other production expenses.…

    • 811 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Companies pay for productivity, neither McDonald’s, Walmart, nor any other firm will pay its employees more than the value they create. Higher minimum wages make it harder for unskilled workers to get started in the job market. Raising the wage will make it more expensive to hire younger and low-skill workers. When people are payed more generally more than likely would be college graduates. With companies paying employees more than the minimum wage, companies are going to to be forced to hire smarter, and more educated people rather than giving a non graduate person a chance.…

    • 1843 Words
    • 8 Pages
    Decent Essays
  • Decent Essays

    Minimum Wage Madness

    • 1272 Words
    • 6 Pages

    Minimum Wage Madness Raising the minimum wage sounds great to many citizens across the United States. More money is always better, but is raising the minimum wage really the best thing for America 's economy? Many questions are asked on how this will affect jobs and if it will help our economy grow. Whether it would be a benefit to our economy or not. How will it impact people living in poverty?…

    • 1272 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Minimum Wage Essay

    • 1339 Words
    • 5 Pages

    Other companies might refuse to hire new employees because they rather keep the old workers and save time on training new trainee. Raising the minimum wage will just make the job market harder to find…

    • 1339 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Second, when we raise wages and the amount of money companies are having to pay their employees prices for that company’s products will also increase. For these companies to keep their employees at this increased wage they will have to be making a greater profit from their products. Third, when companies are having to pay employees at an increased wage they risk the chance of not being able to afford to pay that many employees. Therefore, there could end up being a lot of layoffs and unemployment rates will rise. Another problem with unemployment is that most teens and young adults rely on part time minimum wage jobs to have some extra cash for school and other activities.…

    • 838 Words
    • 4 Pages
    Decent Essays

Related Topics