The Economic Policy Institute's latest analysis shows that most low-wage workers live in low-wage households, and 84% of the workers in low-wage jobs are at least 20 years old. But, regardless of age or need, anyone who shows up to work and puts in hard hours deserves a wage that keeps him or her out of poverty.
A higher minimum wage helps only those workers who actually wind up earning that wage and further disadvantages lower-income workers, who suffer fewer job opportunities and working hours. Though intended to help low-income families get ahead, the minimum wage instead costs some their jobs and others hours at work. This leaves poor families actually worse off.
The case against raising the minimum wage is straightforward: A higher wage makes it more expensive for firms to hire workers. How big an effect does this have on the job market? Economists debate this. But no one argues that increasing the minimum wage increases the number of unemployed workers who find jobs. In the end, the trade-off is clear. People who keep their jobs get more money; those who lose their jobs, or fail to get new ones, suffer.
Raising the wage will make it more expensive to hire younger and low-skill workers. There are better ways to help the poor.
With these arguments, I will say I am against raising the minimum wage because most of the people who works under the minimums low-wage are not going to be benefitted.
http://articles.latimes.com/2013/mar/10/opinion/la-oe-stern-camden-why-we-should-raise-the-minimum-20130310
http://ivn.us/2013/08/15/why-we-should-not-raise-the-national-minimum-wage/
http://www.aei.org/article/economics/fiscal-policy/labor/why-we-shouldnt-raise-the-minimum-wage/#mbl
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