Wednesday, February 5, 2014

Raising minimum wage

I am against raising minimum wage. There are pros and and cons, but I believe the cons of raising minimum wage 
out weigh the pros. It will become more difficult for the low skilled workers to find jobs as the amount of jobs 
decrease, because of the higher wages they can't afford all of the employees. The smaller businesses have to be 
able to accomplish the tasks with fewer people. Then they have to pay for stock that costs even more because the
of demand is higher. The cost of ordinary living supplies will rise for the customers. A full-time minimum wage 
worker earns about 15,080 dollars a year putting a three person family over 4,000 dollars in debt. 73.9 million 
workers above the age of 16 were hired and paid hourly. Among them 1.7 million made minimum wage and 2.2 
million made below the minimum wage according to the Bureau of Labor Statistics. There are still many people
that don't earn minimum wage now, how are they supposed to earn a living when the minimum wage is raised 
even higher as the prices of everything else goes up. For the small amount of people in poverty being helped they
are being replaced the people who can't afford a home because they don't have a good paying job or even a job. 
I am against raising minimum wage because I believe that the cons out weight the pros.  



1.)   http://www.gobankingrates.com/savings-account/pros-cons-raising-minimum-wage/
2.)   http://www.salary.com/increasing-the-minimum-wage-pros-cons/
3.)   http://insidebiz.com/news/raising-minimum-wage-has-downside

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