why raising minimum wage is bad essay

politicians are standing on their soapboxes calling for a 15 minimum wage. Perhaps these same people only like to pick and choose. I couldnt have said it better myself: With hundreds of thousands of entry-level jobs at stake, this is too important a debate for policymakers to ignore the hard academic-type evidence in favor of a ridiculously simple study. As has been reported time and again, the profit margins for restaurants, cafs, fast food establishments, and other food retailers are less than four percent. Any sound, logical and sane economist will agree that government should not be in charge of prices, which is something.



why raising minimum wage is bad essay

1018 Words 5 Pages. I believe it is a bad idea to raise the minimum wage from.25 per hour up.10 or more in a short period of time. I will explain why raising minimum wage radically would kill jobs and hurt our economy. Does raising the minimum wage make sense?

Do you really want to delete this prezi? Why shouldnt government be in charge of prices? Will the coders wage now jump to 25 or 30 per hour? Well, because prices are imperative to the free market. Are these figures based on regression analysis or economic reasoning? It informs us of supply and demand. In most cases, they will simply shout: everyone deserves a living wage!

It has been said that a worker's occupation most often determines the reward that will be received for his or her work (United States 33). Cancel, close or title, rachel Randgaard on date description, do you really want to delete this prezi? Got a writing question? Described as the lowest wage paid to an hourly employee by law (Mish 741 the minimum wage is important to many American households. University of Oxford researchers released a paper that predicted 92 percent of fast food businesses will be automated in the coming decades. For example, when government forces employers to pay higher wages, employers react by reducing other types of spending on their employees less training and fewer fringe benefits, such as health insurance. With the current federally regulated minimum wage rate.15 per hour (Bernstein many American households are finding it hard to live outside of poverty.