How great would it be if you could start working at a job making $15 an hour? You would never have to worry about your bank account being low again. As great as this sounds, it wouldn’t be possible. If companies have to start paying employees more, they will just start cutting employees jobs and laying people off. Also if we as workers have more money in our bank accounts they are just going to start charging more for goods. Lastly, we wouldn’t find a want or a need to farther our education or advance in our jobs because in our eyes we would be making enough money. Raising the minimum wage would seem like a great thing to do but it is essentially the worst thing that could be done. Raising the minimum wage will influence companies to start laying off employees because they will not want to start paying all their employees more than usual. They may find is necessary to either reduce their current staff or reduce their hours. Low paid workers could lose their job because employers would have to cope with the higher wage requirements. (Lee, 2015) Also they may find a more automated way to operate. For example, they may start using kiosk or mobile platforms to order food. This will cause a cut in many …show more content…
This would then lead companies to have to boost demands for goods and services. Also they would have to increase prices in the marketplace as retailers, restaurants, child-care centers and other businesses that employ low-wage workers move the high labor costs to their customers. (Lee, 2015) Oakland’s minimum wage went from $9 an hour to $12.25 in March, residents then noticed that items went up a dime or quarter in price. Businesses selling food jacked up the price of their dishes from $2 a plate to $3 a plate. (Lee, 2015) Even if it seems that we will have more money in our bank accounts, we really won’t because of the change in price of goods. A raise in minimum wage will be