Essay On Raising Minimum Wage

Money is critical to live a prosperous life. Most people would like to earn more in their daily jobs. People believe that if there is a higher minimum wage they would have a better life. However, a higher minimum wage will not be great for people in the long run; it will most likely hurt them. The idea of raising minimum wage to $15 a year compared to current price floor of 7.25 is very controversial. Raising the minimum wage may result in unemployment because there would be less hiring of new employees, increase in current products, and create a higher standard of living.
There are a lot of minimum wage workers in the United States. Most people are able to start working once they hit 16. Their first jobs tends to be a minimum wage job. That does not include all the people older that have minimum wage jobs. According to Allen Sanderson there are “There are about three million minimum-wage workers in this country, a little over 2 percent of all
According to Allen Sanderson he states, “For a single individual, that wage for a full-time employee is above our official poverty line” (Sanderson). But he also says that living on minimum wage and supporting a child is not achievable. In states that already have a high minimum wage such as California and New York they cost of living is also a lot higher. People rely on the idea that employers will just accept the fact of paying more for employees. Employers will have to increase their prices to be able to pay for their employees. That in turn will not allow people to be out of poverty while the unemployment rate increases. In conclusion the idea of increasing the minimum wage sounds like a good idea but it has major consequences. Employers will rely on cheaper substitutes such as machines and outsourcing. People will not end up earning more because things will become more expensive. Finally the younger generations may not be able to get part time jobs as