The Consequences Of Raising Minimum Wage

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America today is faced with its fair share of problems. There are low employment rates, debt, and inflation everywhere, riddling the economy with issues. There is absolutely no reason that any American citizen should want to pile upon the problem. Yet, some believe that it could be done by raising the federal minimum wage to fifteen dollars an hour. Fortunately, history, economics, and common sense prove the minimum wage raise proposition wrong. In cities like Seattle, Washington, the minimum wage raise has been adopted. Seattle 's local government intended to increase their unimpressive employment rates. The rates had been rising slowly over past years. Almost as soon as the minimum wage was raised to fifteen dollars, the once climbing employment rates faced immediate decline. Just as the economists in the surrounding areas had predicted, the results of the raise were disastrous. Seattle is just one of many examples of the danger raising the minimum wage poses.…show more content…
Maybe it does not effect them directly, or they consider it "just a few people losing their jobs." What do these dropping rates show for themselves? According to economists from the American Action Foundation, raising the minimum wage just one dollar caused 747,700 people to lose their jobs. That is just considering the adults. Teenagers from ages sixteen to nineteen also make up roughly 25% of the workforce. According to statistics, in areas where the minimum wage increased one dollar, showed the teenage unemployment rates skyrocketing up to 4.67 on a five point
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