Why Shouldn't Minimum Wage Be Raised

Why Shouldn't Minimum Wage Be Raised. They focused on five areas: If arbitrarily raising the minimum wage to $13 an hour could magically create prosperity, why not raise it to $100 an hour?

If You Knew Raising the Minimum Wage Wouldn't Tank the from everydayfeminism.com

Many would argue that raising the minimum wage would benefit the economy by reducing income inequality. “ lifting the minimum wage would result in job loss. In fact, over half the states.

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In fact, governments at any level shouldn’t even have labor departments. It hasn’t kept up with inflation, or worker productivity.

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Raising the minimum wage risks inflation and hurts the middle class. That means some employees will make more because of the mandated pay raise.

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Raising the minimum wage seems like a noble cause worth advocating for. Many jobs will be lost, unemployment rate will double up, poverty will rise.

But Raising It To $15?

It forbids employees from freely contracting with employers. It is unlikely to raise wages for the. Why we shouldn’t raise the minimum wage?

List Of The Cons Of Raising The Minimum Wage.

Raising the minimum wage to $15 an hour would be a boon to some workers, but the aggregate effect would be overwhelmingly negative. Facts clearly demonstrate that raising the minimum wage is a bad idea. (1) it is simply not the proper role of government to set a minimum wage or regulate the labor market — even if it meant keeping people out of poverty.

“ Lifting The Minimum Wage Would Result In Job Loss.

The federal minimum wage of $7.25 is indeed a starvation wage. Due to inflation, the minimum wage for workers had to be increased in order to balance for the increase in living standers. It is just not the best bet at this point.

When Minimum Wage Has Been Raised, The Expenditure Of The Consumer Will Also Increase;

The case against raising the minimum wage is straightforward: By raising the minimum wage, employers are forced to pay more, and their revenues may not support this higher payment. Opponents disagree, claiming that an increase only means employers must pay more money to less skilled workers while at the same time expecting more from the employees.

It Is Not Good For The Economy.

Business owners simply could not afford to pay $100 an hour, people would lose their jobs, stores would go out of business in. Not only should we not raise the minimum wage, the case can be made for why we shouldn’t have one at all. In fact, governments at any level shouldn’t even have labor departments.