Pros And Cons Of Raising The Minimum Wage

For The Wages of Raising is Repress

There is no such thing as a “free lunch”, because nothing is free. Although free situations seem to occur, a price is always paid by someone, or from something. In the situation of a free lunch, a free with purchase, or even a buy one get one free, a cost is always payed, because someone spent the time, resources, and money to make the product. Even though the consumer does not directly pay the cost, someone else does. Increasing the minimum wage is similar to this scenario, as the minimum wage worker can act as the consumer. Many proponents of raising the minimum wage Whether it is a free hotdog, or an increase in minimum wage, the benefits are not free, as someone spent the time and money to make the hot dog. Similarly with an increase of minimum wage, someone pays the cost of the wage difference, whether it be the business or the consumer. Federal minimum wage was first introduced during the Great Depression in 1938. In order to parallel inflation, congress has raised minimum wage twenty-two times over the last seventy-nine years; subsequently, a push for higher minimum wage has increased, raising the hourly minimum wage for some workers, while

A writer from the American Legislative Exchange Council states, “Small businesses face a very competitive market and often push profits as low as the can to stay open” (RaisingThe 7). In a catastrophic scenario, such as a large increase in payroll, these businesses could be forced to close. Many small businesses face a very competitive market with large corporations, and an increase in minimum wage would decrease their profit, stifling their potential for growth. This growth of small business is essential to the economy, as they provide innovation and job opportunities. If the futures of small business are put in jeopardy, so is the escalation of these important job