The Negative Effects Of The Minimum Wage

969 Words 4 Pages
In 1938, the minimum wage was established as part of the fair Labor Standard Act. Over time, of infrequent and inadequate adjustment the minimum wage, no longer serves as an adequate wage floor.
One of the most controversial issues in the U.S. is if minimum wage should be increased to $15 or not. People believe that if minimum wage was increased it would help out with day to day living. Then you have others to believe and understand the effects that it would have on the U.S. I believe that minimum wage should not be increased to the amount of $15 due to the effects it would have on education, prices, and poverty.
Education is said to be the key to a successful and less stressful life. Education is a key source to help determine the compensation that is deserved in a position. Even though, it is said that if minimum wage was increased it would give employees time to actually attend school physically and it would be less of a hassle getting a higher education. In 2002, it was determined that the percent of students attending college had dropped to an all time low. Many studies have shown that people tend not to attend college because
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What people fail to understand is that if minimum wage was increased then business owners have to make a way to afford to pay their employees. Grant it, employees will make more money and possibly be able to afford the cost of living, but some studies have shown that it’s not really worth the hassle if prices of food, clothing, gas, and etc. were to arise. Not to mention, if minimum wage was increased to $15 an hour the price of many restaurants would rise by an estimated 4.3 percent. The only other way to compensate for the increase on the minimum wage for the employee is to change the food size rather than prices. Is it really worth it? The logic of this is, the more we increase minimum wage the more of what we have done as a country will be

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