I know that if the minimum wage was increased that it would not be a good thing.”The Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs.” we are already up the creek with the loss of jobs and we don't need to get any deeper in the hole that we dug ourselves in.
When you try to give more to the working class the business owners have to pay more when they have to pay their workers more they get less money and they don't like it so the price of living goes up. “ A 2013 article by the Federal Reserve Bank of Chicago stated that if the minimum wage is increased, fast-food restaurants would pass on almost 100% of their increased labor costs onto consumers and that other firms may do the same.”
If minimum wage increased a lot of business would close almost …show more content…
I think the younger people of this country need the jobs starting off because they are not trying to make a career out of it. “ Minimum wage workers are
RUNNING HEAD: Argumentative Essay 3
disproportionately young. According to the Pew Research Center, 16- to 24-year-olds make up 50.4% of minimum wage earners,” “ Casey B. Mulligan, PhD, economics professor at the University of Chicago, stated that the teenage employment index fell sharply after the minimum wage increase of July 2009 (a fall of about 8% in three months, while the previous drop of 8% took over a year): "This suggests that the 2009 minimum-wage increase did significantly reduce teenage employment."”
With minimum wage jobs is where the people are able to show off their skill when the minimum wage is increased companies are less likely to hire someone and they won't be able to have a chance."the minimum wage cuts off the first rung of the employment ladder, and it's that first lowest paying rung that provides the skills and experience workers
When you try to give more to the working class the business owners have to pay more when they have to pay their workers more they get less money and they don't like it so the price of living goes up. “ A 2013 article by the Federal Reserve Bank of Chicago stated that if the minimum wage is increased, fast-food restaurants would pass on almost 100% of their increased labor costs onto consumers and that other firms may do the same.”
If minimum wage increased a lot of business would close almost …show more content…
I think the younger people of this country need the jobs starting off because they are not trying to make a career out of it. “ Minimum wage workers are
RUNNING HEAD: Argumentative Essay 3
disproportionately young. According to the Pew Research Center, 16- to 24-year-olds make up 50.4% of minimum wage earners,” “ Casey B. Mulligan, PhD, economics professor at the University of Chicago, stated that the teenage employment index fell sharply after the minimum wage increase of July 2009 (a fall of about 8% in three months, while the previous drop of 8% took over a year): "This suggests that the 2009 minimum-wage increase did significantly reduce teenage employment."”
With minimum wage jobs is where the people are able to show off their skill when the minimum wage is increased companies are less likely to hire someone and they won't be able to have a chance."the minimum wage cuts off the first rung of the employment ladder, and it's that first lowest paying rung that provides the skills and experience workers