Why Minimum Wage Should Not Be Raised:
Minimum wage is one of the most discussed topics in the U.S, whether or not it should be raised or lowered. It has drastically increases since it first started at 0.25 in 1938 (Politics of minimum wage) to now 7.25 in 2009 (Politics of minimum wage). Despite the poverty rates in America, minimum wage should not be changed, because it will just be an accessory to raising production cost.
Raising minimum wage would not necessarily ruin the economy, but it would raise the production costs and the pay for every employee, not only would it raise production cost, but it would also lower employment rates and raise hours worked by one person. If the employee does not meet the requirement, then the company’s revenue
Minimum wage is one of the most discussed topics in the U.S, whether or not it should be raised or lowered. It has drastically increases since it first started at 0.25 in 1938 (Politics of minimum wage) to now 7.25 in 2009 (Politics of minimum wage). Despite the poverty rates in America, minimum wage should not be changed, because it will just be an accessory to raising production cost.
Raising minimum wage would not necessarily ruin the economy, but it would raise the production costs and the pay for every employee, not only would it raise production cost, but it would also lower employment rates and raise hours worked by one person. If the employee does not meet the requirement, then the company’s revenue