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It’s time we at long last take a gander at the cons of the conflict rather than the pros. Numerous individuals need a decent paying job yet aren’t able to due to not being able to go to college, so they turn to food chains and restaurants for pay employment. In our reality, you need to work for something to succeed at anything in everyday life, so the legislature shouldn’t need to raise the minimum wage. A few people get the opportunity to flourish and have a future and head off to college or a specialized school yet decide not to. Individuals who head off to college buckle down and acquire their instruction since they need to be fruitful throughout everyday life.
Raising the minimum wage would hurt laborers significantly, particularly low-gifted specialists. It would bring about employment loses “nearly 1.3 million jobs will be lost if the federal minimum wage is increased to $9.50 per hour”, as mentioned by Joseph Sabia and Richard Burkhauser (2010). Considering that, raising it would hurt the economy and the unemployment rate.
Raising the minimum wage will cause for teens to think working at a fast-food restaurant will be easy and a sustainable way of living instead of going off to college to get a real job benefiting society. Teens need jobs to encounter the workforce and increase significant abilities for future business.
Raising minimum wage has some different downsides like making school less appealing to student because they think they can settle and make a living off McDonald’s rather than striving for higher education. Corporate-law scholar, Stephen Bainbridge says: “When faced with the choice of earning an immediate income or the potential of a better income after four or more years of additional schooling, young people tend to lean towards the former”. Teens would prefer to get money at the earliest opportunity so they can go hang out with friends and do as they please instead of waiting till after college.
Raising the minimum wage would also force businesses to raise prices to compensate for what they must pay their employees now. “If businesses are forced to pay more to employ workers, budgets are affected accordingly. To help with the bottom line, prices may go up as a way of retaining money spent on providing extra compensation to minimum wage workers” (‘Reasons Why the Minimum Wage Should Not Be Raised’). At the point when costs go up that means you need to pay more for things you wish to buy, causing you to spend more of your paycheck. The issue would keep flying back up about compensation.
Although, despite all opposing arguments, people still think minimum wage should be raised. “Congress to raise the minimum wage to $10.10 it will put more money into the pockets of hard-working Americans” (Cap Action War Room/ Think Progress: ‘10 Reasons to Raise the Minimum Wage’).
This is true that people would make more money and carrying it to their home. Therefore, minimum wage should be kept at what it is now, and the government shouldn’t be allowed to raise it in fear of negatively affecting our economy.
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