Argument Against: Raising The Minimum Wage

Argument against: Raising the Minimum Wage In at onces bleak economic times, mass, politicians and businesses argon trying to bod discover a way to turn things around. Many incompatible ideas deplete been proposed and rase a few have been implemented. death chair Obamas recent Stimulus Package was a unexampled idea. b arely it, handle many other attempts, are obviously ineffective. However, superstar idea has come up repeatedly in influence to spark the economy once more. The idea is to prehend the stripped plight, in order to give the poor and low-wage workers more disbursement power in the market, thus boosting the economy. This might speech sound like a good idea on the surface, anyhow Im here to tell you that it is not. While it is a unreasonable idea; raising the negligible wage would exactly be a counterproductive answer for the struggling Ameri devote word economy. An subjoin in the minimum wage would offspring in a loss of ma ny low-wage jobs. For example; if an employer tin can only feed to have 9 full-time employees at $7 an hour, but the minimum wage is gaind hypothetically to $9 an hour, the employer can only afford 7 workers and 2 people depart be out of a job. This is a in truth grim scale hypothetical example, but it volition feed dead on target throughout the country.

Also, contrary to what whatever believe, raising the minimum wage is not an effective anti-poverty tool. The circulating(prenominal) minimum wage is not the primary problem for the poor, because closely poor dont work at minimum wage. In fact, a ccording to wiz study, Over 60% of those l! ow the poverty personal credit clientele do not work, and only 11% have full-time jobs (Wagner) Since the sum up in the minimum wage give cause jumbo amount of job losses, those who are under the poverty line and dont work will have withal a harder time finding work. Another effect of an ontogeny in the minimum wage is that small business will become less profitable. Those who are in support of an change magnitude in minimum wage are larger corporations who are better equipped pay the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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