Increasing Minimum Wage is Awful for the Economy

Published: 2021-06-22 19:50:04
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Minimum wage is put in place by the federal government. This amount represents the lowest amount a company can legally pay their employees. The current national minimum wage is $7.25 per hour. There are a few select states that have their own minimum wages in place. Employees tend to receive whichever is higher. The minimum wage amount should provide enough income to afford a way of living that is comfortable for Americans. Minimum Wage should at the very least cover the amount needed to provide enough food, clothing, and shelter. Minimum wage is sometimes seen as what we should make to make a way of life. When minimum wage is more set to be an entry point for some young adults first entering the work force. However, that’s not always the case. Sometimes it’s a single mother busing tables, or a father who maybe had some bad life decisions and can’t find good employment. The question to raise minimum wage is so controversial. So many factors stand in the way of this. With our world becoming more and more tech savvy the need for a minimum wage employees is less and less. Why have a Blockbusters and pay employees to run it when we have red box? The cost of operation is cut in half. With our apps when can place our own food orders and soon taking away the need to have someone service us. In major retails we are starting to see more and more of the self check outs. This is pulling away jobs and replacing a person with a robot or type of system. This can be seen as something that will take away a large amount of jobs from people. Yet can offer a career to others who might have gone to school to learn technology, or study app development to build the many apps we use. We have to see that minimum wage isn’t the goal, we at all cost have to try and want more. If the federal government was to raise minimum wage to $15.00 an hour how many people in high school would drop out and get a job? How many people that have trades or skills to do a special job would then be surpassed by anyone that can clean tables or answer phones. The best way to think about it is thinking minimum wage is for minimum skills. It’s a stepping stone in life. With the exceptions of the single mother. Why can’t we have better government support for her? Better health care, better daycare assistance, while she is going to school and working to try and provide a better way of life. Making 15.00 an hour, would she want to leave the small food chain she’s working at? Would she be happy with her way of life and not want to finish college? This minimum wage set at 7.25 is 290 for a full time 40 hours employ that comes to just 15,080 a year. This income would leave a two-person household say, a single parent with one child just below the federal poverty threshold of $15,130. That’s full time. If our single mother can’t work, and she can only do 27 hours a week that’s $195.75 a week with only $10,179 a year. Can someone really care for a child and maintain a safe living environment? I don’t think minimum wage should be $15.00 an hour, but I think we need to see some sort of an increase. Raising it to $9.80 an hour would give about $20,400 for a year of full-time work. I see we need to raise minimum wage some to help the ones in need, and stop with the increase in cost of living we see rising and rising. Again minimum wage in my opinion is just a stepping stone, we need to keep pushing the youth of today, and tomorro. Encourage them to keep the goals of a career in mind we don’t need to settle for just minimum wage. When you want to go to college and become a registered nurse think about this RNs make an average salary of $67,760 per year, and an average hourly wage of $32.56. That’s about 5 times more than minimum wage. Cardiologist make anywhere from 335,765 to 504,349 a year this is what we need to keep in mind. We get paid for what we learn and what we can do. If minimum wage was to go up to $15.00 an hour would companies have a higher turn over rate? This question come to mind would the level of applicants skills decrease? With the statement I made of the youth wanting to drop out of school when things started to get hard in life knowing they can go out and get a job and live and just get by it would seem we would have less quality employment. The basic math, reading, and learning would suffer. I think this would have an increase in crime maybe drug use. It’s easy to just quit and know you will be some what ok. The fear of living pay check to pay check should be enough to help keep the youth in school and to want to become a nurse or the doctor in the emergency room saving lives. Our youth has to see minimum wage as temporary and not long term I say this with the understanding of the ones out there having life issues we need to have the focus turned to the government options we have to help the ones in need that really need the helping hand to the next step in life. With all this said minimum wage needs to be raised. Does it need to be $15.00 no I don’t think is does I see more of a down fall of issues and problems that come along with it from employers to employees.

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