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Should Minimum Wage Be Increased?

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Should Minimum Wage Be Increased?
Living on the minimum wage is anything but easy. An increased minimum wage seems so logical, so morally clear; a small measure of support for those who need it most. A benefit without any hard cost. An increase seems to be the perfect servant of social mobility. Moreover, most New Zealanders agree that minimum wage that minimum wage isn't just a political ideal, but a national essential. “Seems” is the unfortunate but effective word here. Ultimately increasing the minimum wage isn't proposing a more prosperous New Zealand. Its an obstacle.

What is the minimum wage anyway? The minimum wage is the lowest amount per hour an employer can pay you. This means that your 60 minutes of work will buy you 6 pack of Woodstock beers.

Labor is the major cost for businesses. A higher minimum wage makes it more expensive for firm to hire workers. In order for a business to keep on running and not go bankrupt, they need to make a profit to keep the business supported., In addition to paying workers higher wages, labor-tied costs like tax will increase. Ordering businesses to pay higher wages will make them hire fewer workers and consider replacing them with robots or computers. …show more content…
There are still debates around this topic. Michael Woodhouse, the Minister of Workplace Relations said that the increase will not reduce the 622 000 people in poverty. The government's new minimum wage is a completely hopeless way of reducing poverty and if the situation is not properly handed, it will leave the economy with higher unemployment if another crisis hits, Why? A higher number of people who leave in poverty do not work and therefore the increase will not unaffected by the
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