Monday, December 9, 2013

Raising minimum wage by almost doubling what it is now seems ridiculous to me. It would barely affect big corporations, but it would almost wipe out the idea of small business and teenagers getting jobs. "Attempts to simply mandate that businesses pay more, through increased minimum wages or living wage laws, as well as attempts to mandate employee benefits like health insurance, primarily result in fewer jobs. (Source D)" College students would be screwed over because they wouldn't be able to get a job before college and it would be very difficult to get a job in college. "Most Republicans will oppose it, on the grounds that higher labor costs will lead to higher unemployment. (Source C)” Looking at my future I wouldn't see a problem with raising the minimum wage a dollar or two, but trying to double it basically cancels any job I would like to acquire in the near future. "Mall employers, farmers, lots of occupations are exempt from the minimum wage. The last time we raised the minimum wage the percentage earning less than the minimum wage rose to 4.2 percent of the wage and salary workers - three million. (Source B)"I vote for not raising the minimum wage to fifteen dollars from seven fifty an hour. "Doing something that will raise unemployment isn't going to help poverty. People who can't get work at 5.15 an hour aren't going to find work at 7.25 an hour. (Source B)" "Indeed, evidence of employment losses goes all the way back to 1938 and first federally imposed minimum wage. The U.S. Department of Labor concluded that that first 25-cent minimum wage resulted in the loss of 30,000 to 50,000 jobs, or 10 to 13 percent of the 300,000 workers affected by the increase. (Source A)"



Source A- http://p.washingtontimes.com/news/2013/mar/15/house-defeats-minimum-wage-increase/
Source B- http://www.npr.org/templates/story/story.php?storyId=5626506
Source C- http://thegazette.com/daily-conversations/whats-the-best-argument-for-or-against-raising-the-federal-minimum-wage/
Source D- http://www.cato.org/blog/raising-minimum-wage-not-answer

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