Raising The Minimum Wage
Raising Minimum Wage One of the heavily debated issues that we are currently seeing is on whether or not minimum wage should increase or not. After conducting research, I feel that minimum wage should not increase for several different reasons. Raising minimum wage will affect the majority of people besides the people earning minimum wage, like students, higher educated people, and the actual business itself. While it may seem beneficial to those who are making minimum wage, raising the minimum wage would hurt these other people. The idea of raising the minimum wage would hurt more people than it would help. An example of this type of issue occurred at the University of Iowa. The University of Iowa decided that they wanted to increase their
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Workers who have receive an education feel that individuals who have little to no education should not be paid the same amount as they. A majority of the people making minimum wage are under the age of 25, so they have plenty of time to work on getting an education, so they can as well earn more than minimum wage (Garcia, 2015). The U.S. Bureau of Labor and Statistics stated that out of the 3.3 million people employed in 2013, only 4.3% were paid minimum wage (Garcia, 2015). This number shows that the majority of individuals working in the United States already earns, more than minimum wage. Raising the minimum wage would end up encouraging people not to attend high school or college since they would be getting paid almost the same amount of money as people who did receive an education (Garcia, …show more content…
Consequently, raising the minimum wage would hurt more people than it would help, like businesses, students, low-skilled workers, and part-time employees. Businesses would not be able to afford to pay students, low-skilled workers, or part-time workers this increased wage without laying off people, cutting back hours, or raising all of their prices on their commodities. Raising the minimum wage would also not be fair to people who have worked to receive an education, and deserve this higher pay. I believe that increasing the minimum wage would give less of an incentive to people to finish school, since they would be getting paid the same or almost the same as someone who finished school and worked for their higher pay. Increasing the minimum wage would leave people without a job, or in the same situation they are in since most likely the cost of necessities will increase as well. It is important to take all of these facts into consideration when thinking about raising the minimum
Workers who have receive an education feel that individuals who have little to no education should not be paid the same amount as they. A majority of the people making minimum wage are under the age of 25, so they have plenty of time to work on getting an education, so they can as well earn more than minimum wage (Garcia, 2015). The U.S. Bureau of Labor and Statistics stated that out of the 3.3 million people employed in 2013, only 4.3% were paid minimum wage (Garcia, 2015). This number shows that the majority of individuals working in the United States already earns, more than minimum wage. Raising the minimum wage would end up encouraging people not to attend high school or college since they would be getting paid almost the same amount of money as people who did receive an education (Garcia, …show more content…
Consequently, raising the minimum wage would hurt more people than it would help, like businesses, students, low-skilled workers, and part-time employees. Businesses would not be able to afford to pay students, low-skilled workers, or part-time workers this increased wage without laying off people, cutting back hours, or raising all of their prices on their commodities. Raising the minimum wage would also not be fair to people who have worked to receive an education, and deserve this higher pay. I believe that increasing the minimum wage would give less of an incentive to people to finish school, since they would be getting paid the same or almost the same as someone who finished school and worked for their higher pay. Increasing the minimum wage would leave people without a job, or in the same situation they are in since most likely the cost of necessities will increase as well. It is important to take all of these facts into consideration when thinking about raising the minimum