Essay on United States Raising The Minimum Wage

858 Words Dec 5th, 2016 4 Pages
There is one thing that every country in the world has with one another. Each country in the world has its wealthy areas and poverty-stricken areas. The United States is a country that both has wealthy and poor areas, yet it is still one of the wealthiest countries in the world. Recently, many Americans have been protesting for the national minimum wage to increase. I am opposed to the United States raising the minimum wage because there will be more negative effects on the economy than positive effects. Many Americans have been pushing for this increase in the minimum wage but they don’t consider all of the negative factors that come with the increase. States are able to regulate their minimum wage depending on the economic state and the cost of living. For example, in New York, the minimum wage is currently $9.00 but Governor Cuomo of New York, signed a plan to increase the minimum wage to $15 in increments over the next 5 years. New York’s minimum wage is higher than the national minimum wage because the cost of living is higher than in other places in the United States. Although this will increase incomes of workers there will be a lot of people laid off. Over the time of this plan, many companies are going to have to fire their employees because they won’t be able to afford it. President Obama was attempting to increase the national minimum wage from $7.50 to $10.10. Although it seems as if it is a fair increase, there will be thousands of jobs lost. If the United…

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