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The Negative Effects Of Raising Minimum Wage

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The Negative Effects Of Raising Minimum Wage
Lately, social media, conversations and even the streets are filled with the argument of raising the minimum wage. Groups of people have paraded in streets and on sidewalks with signs and cheers, “Fight for 15!” While approximately 72% of americans fight for almost a 50 percent increase in the minimum wage, the rest have realized how fragile the economy and its businesses are. Raising the minimum wage would create more negative effects than good. Small businesses, employees, and the cost of living would all be greatly affected if there were to be a raise in wages.

Small businesses would stand no chance against a raise in the minimum wage. Across the country, these small businesses employ nearly half of America’s private sector workforce(Wang).
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