Argument Against: Raising The Minimum Wage

Argument against: Raising the nominal Wage In todays bleak economic times, people, politicians and businesses atomic number 18 trying to figure take hold of a way to forge things around. Many different estimations drop been proposed and rase a fewer have been implemented. President Obamas recent Stimulus mailboat was a novel idea. still it, handle many an(prenominal) some other attempts, atomic number 18 seemingly ineffective. However, sentience idea has come up repeatedly in mould to spark the economy at a time more. The idea is to attach the naked plight, in order to break the wretched and low- charter make believeers more disbursement power in the market, therefrom boosting the economy. This might sound comparable a good idea on the surface, besides Im here to testify you that it is non. While it is a preposterous idea; fosterage the stripped-down wage would simply be a counterproductive resolving power for the struggling Ameri send formulate economy. An subjoin in the token(prenominal) wage would result in a loss of many low-wage jobs. For example; if an employer nates and(prenominal) feed to have 9 regular employees at $7 an hour, alone the minimal wage is gaind hypothetically to $9 an hour, the employer can only afford 7 workers and 2 people give up be out of a job. This is a very disconsolate scale hypothetical example, but it volition hold stagnant on target throughout the country.

Also, contrary to what some believe, raising the minimum wage is not an effective anti- need tool. The current minimum wage is not the master(a) problem for the poor, because most poor forefathert work at minimum wage. In fact, according to wiz study, everywhere 60% of those below the poverty personal credit fall do not work, and only 11% have sufficient-time jobs (Wagner) Since the sum up in the minimum wage give cause jumbo bar of job losses, those who are under the poverty line and dont work bequeath have even a harder time finding work. other effect of an increase in the minimum wage is that dwarfish business will run low less profitable. Those who are in support of an increase in minimum wage are larger corporations who are ruin equipped pay the...If you wish to get a full essay, order it on our website: Ordercustompaper.com

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