Essay On Minimum Wage Crisis

Minimum Wage Crisis Okay! There is a problem going on that everyone needs to figure out, There is a debate going on whether to raise minimum wage to $15 or not. There have been many protests for minimum wage to increase to $15.00 per hour, This issue all started on November 29, 2012 when more than 100 fast food workers went on strike. Is it worth raising minimum wage to $15 an hour. Raising minimum wage would increase tax rates, which means poverty levels rise and high rates of unemployment do to the fact businesses will lose money.

To Start off, You might need to read about the history behind the problem. Before minimum wage in 1929-1930 those years were known as the depression years people were losing jobs and poverty was a big issue.

Most likely you wouldn’t feel to good. Reason being is because you need to put food on the table for your family, You need to buy that cool car you have been saving to get… Unemployment is about to become a big problem, there have been studies by the university of Michigan on the rate of unemployment if the minimum wage was raised to $15 an hour… “Statistics show that if we raise are current minimum wage to 15 dollars per hour fast food businesses will not be able to afford employees and would cause that business to shut down.” Those statistics prove my point that Employers will start to become the employees because of losing their business do to their financial issues. Most Employers wouldn't have such a hard time finding a new job because of their experience with money and Employees. On the other hand employees will have a harder time because that would make them least experienced. Fast food workers don't even work as hard as someone that went to college for 4 years to get a good job and now if we raise minimum wage fast food workers will be making just as much as someone that went to college to only make estimated $16-$22 an hour and they work harder. After a while of making almost the same as fast food workers there will be more problems with those people that went to college asking for raises and starting protest about lowering minimum wage for fast food