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Reasons Not To Raise Minimum Wage

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Reasons Not to Raise the Minimum Wage Raise the Minimum Wage Would result in job losses. It hurt low skilled workers be harder to find a job. Minimum wage increases dose not reduce poverty. Result In higher Prices For consumers, the costs of minimum wage increases must be paid by someone. The reason people would losses their jobs the first 25-cent minimum wage in 1938 resulted in significant job losses. This is because they could not afford to have as many employees. Minimum wage increases recently imposed in American Samoa resulted in economic effects so pronounced that President Obama signed into law a bill postponing them. In 2010, Joseph Sabia and Richard Burkhauser estimated: “nearly 1.3 million jobs will be lost if the federal minimum

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