In 2014 3.3 million people worked an hourly minimum wage job in the United States alone. This means about 9,900,000 people would have worked a minimum wage job in the past three years in the United States. Minimum wage affects almost everyone and should not be raised because people are to lazy to get a career. Minimum wage should also not be changed because of inflation, jobs, and unemployment.
The first problem with raising minimum wage is inflation. Inflation is when prices rise because of the minimum wage rising. Setting the minimum wage to $15 an hour, which is what most people are wanting, businesses payroll would go up a lot. Taxes would go up if minimum wage went up because the government would need more money to pay for other jobs.
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People who have a jobs that hard and boring will quit their jobs to work an easier job such as an order taker at McDonalds. When the minimum wage increases employers tended to wire workers who had earned higher wages in the past (Scheiber B1). Leaving those who truly want minimum wage to be higher jobless. People started quitting their jobs for easier yet high paying jobs when California raised the minimum wage (Shrek). Just over half of all workers paid at or below minimum wage are in the fast food industry fields (Pran). We are told as little kids go to school so you do not have to work a fast food job when you are older. People who are grown and did not try for a good career do not deserve this much money. If we give it to them then they will lose their jobs to those who did get a good career. Berkeley and Alan Kruger of Princeton University changed minimum wage for fast food restaurants in Atlantic states and found it increases employment, but this could be a degree of “monopsony” (lower prices for more customers but end up bankrupt) a classic type of market failure (Morrison). This means they had to pay their customers so much and tried to keep their prices low but went out of