Essay On Raising Minimum Wage

Who wouldn’t want to get a raise in their salary? Currently, the minimum wage salary in the United States is set at seven dollars and twenty-five cents an hour. People who work in fast food restaurants, or waiters and waitresses tend to receive this pay. Clearly speaking, living off of fifteen thousand dollars a year receiving minimum wage is not favorable. That is unless you are looking for a part time job, or want to get work experience. To minimum wage workers, an increase in their salary sounds pleasant. Unfortunately, there are consequences that always come with an economic advance. According to the U.S. Government Debt homepage, the U.S. Government is currently about nineteen trillion dollars in debt. Increasing the minimum wage will raise the debt even higher. Although raising the minimum will result in a higher salary, it will be inefficient than keeping it at seven twenty-five because

As reported by ProCon, if the minimum wage were to increase to ten dollars and ten cents, the outcome will result in a loss of five hundred thousand jobs. Furthermore, in a survey of about twelve hundred businesses and human resources professionals, thirty eight percent said they would lay of employees and fifty four percent said they would decrease hiring levels as stated by ProCon. Another detriment to increasing the minimum wage is hurting small business owners. According to Forbes, a popular American business magazine, the recent increases of minimum wages in certain states has led to the closure of several Walmart stores and even stores that have not opened yet, decreasing the number of job opening that could have been filled. The reason why minimum wage workers still blindly support raising the minimum wage is simply because this is all happening at a slow rate, not being reported on, and sooner or later, they may even lose their