Raising Minimum Wage In America

The minimum wage has been an issue in America for a long time. There have been arguments about whether to raise or not. I believe that changing minimum wage will have a huge impact in America. Raising minimum wage will cause a rise in unemployment. If employers are forced to pay their employees more they will lose on profits. This will lead to them hiring last and firing more unemployment rates will rise quickly. Inflation will occur alongside the raising of minimum wage. Businesses will raise their prices to compensate for lost profits. When businesses raise their prices they will end up getting less customers, this will just end a worse off economy. Raising minimum wage would deprive employers of the right to bargain a good pay with