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Persuasive Essay On Minimum Wage

486 Words2 Pages

I think that they should not raise minimum wage. Because it can have an effect on the economy.Some say that extra money in worker paychecks would provide a real boost to economy.obama is pushing congress to increase the federal minimum from 7.25.polls show quarters of americans favor a higher minimum wage.Business owners say rasing the minumum wage also upward pressure on other wages.Increasing the minimum wage can have a harmful effects on the econmy.President obama wants the ferdal minium wage to rise to 10.10 per hour but many repuilcians in congress.Many companies that hire low wage workers oppose a miniumum wage hike because it creates their cost of doing bussiness.They say hire wages make it harder to hire emplyess or even keep the ones they already have.Some fear the impact of job lossess on a still fragile econmic recovery. …show more content…

Congress enacted the first federal minimum wage 25 cents an hour.Some cities have higher minimum wage.If minimum wage was rashed employees would lay off or they would cut hours.Could have impacted on economy.Some teen in the job market are facing a very competitive environment and an increase in minimum wage would only make things worse The issue boils down to a law of physics that also applies to environmental. For every action there is an equal and opposite reaction.Teens in the job market a very competitive environment and increase in the minimum wage would only make things worse.The issue boils down to a law of physics that also applies to economics.If the government mandates that business must pay a higher wage.The additional cost will have to be offset somehow.It's hard for any business to raise prices right now because the economy is so

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