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Increase Of Minimum Wage

564 Words3 Pages

Imagine an increase of unemployment, closing of businesses, and living costs. These would be results of an increase of minimum wage. The increasing change of minimum wage does not always result in beneficial ways. Would you want a hike in minimum wage if it could possibly raise the prices around you? Minimum wage is affecting employment, businesses, and how people live in ways that are unrewarding. In 2014, the Congressional Budget Office estimated that if the federal minimum wage raised in 2016 to $9.00 that about 100,000 workers would be unemployed. They also estimated if it were raised to $10.10 that about 500,000 workers would lose their jobs (“The Effects of a Minimum-Wage…”, 2015). With an increase of minimum wage companies would have

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