In modern America, it can be argued that our economy is booming with positivity. Businesses are soaring and unemployment has reached an astonishing low. Currently, a minimum wage employee is paid precisely $7.25 an hour. Primarily fast food businesses, such as McDonald's, pay their employees minimum wage. As an individual who works two jobs, I do agree that this wage is quite low to make a living off of. If an employee is paid minimum wage, topping their work week off at 40 hours, their paycheck is hardly suitable to live on. Suffice it to say, tax deductions also take a large sum out. However, even so, I don't believe minimum wage should be increased. By raising the minimum wage, cause and effect comes immediately into play. Hypothetically, let's say minimum wage is increased to $11.00 an hour. By doing so, many things will come into fruition. Despite workers being paid significantly more than they were, the business is left with no choice but to cut many of their workers. The prices of their food is raised thereafter, followed by a chain reaction of price changes that were seemingly not important before. People ultimately begin to lose their jobs. The businesses cannot afford to supply their surplus of workers, which results in cutting …show more content…
Thousands of Americans will ultimately lose their jobs due to the inability to adapt to such an economic leap; unemployment soars once again. Overall, the change in minimum wage effects us in far more negative ways than anticipated. Prices for minimalistic things soar, people lose their jobs, resulting in being entirely unable to supply their families at all. It is very sorrowful to admit the truth, but we are not economically founded to raise the minimum wage higher than it already is. As stated in Kelley DeGuzman's passage, she would have no choice but to raise the prices of many things to cover the wage increase. Customers will dissapate gradually, leaving an unsteady future for Waffle