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Essay / Minimum wage - 589
The minimum wage should not be increased. Raising the minimum wage will cause employers to reduce their employees' working hours, which will affect the employee and the company. In addition, job losses would have an impact on a still fragile economic recovery. Although some may argue that no person working full time in the United States should live in poverty, Americans receive higher wages than the average employee in Mexico. The main reason why full-time working Americans live in poverty is how they spend their money. The minimum wage is acceptable as it is and should not be increased. Raising the minimum wage would increase the cost of doing business, which would have a negative effect on a still fragile economy. The unemployment rate in the United States is 6.7 percent, which means that eleven million Americans are looking for work. With a minimum wage increase, it would be more difficult for businesses to hire new employees or even retain existing ones. Due to the minimum wage increase, businesses are expected to raise prices, hire fewer workers, and reduce the number of working hours....