Is $15 too high for a minimum wage?

Raising the minimum wage is supported by the majority of Americans, but it seems that $15 is just too much for some to handle. That’s the hourly rate fast food workers in New York secured last week for all jobs in their industry.

Why we shouldn’t raise minimum wage?

Conservatives make good economic arguments against raising the minimum wage: the minimum wage causes unemployment, because it increases a business’s labor costs and prices unskilled workers out of the market.

Why not to raise the minimum wage?

Why We Should Not Raise the Minimum Wage (1) It is simply not the proper role of government to set a minimum wage or regulate the labor market – even if it meant keeping people out of poverty. (2) The minimum wage is an assault on freedom. (3) The government establishing a minimum wage is nothing more than Soviet-style central planning.

What are the effects of raising the minimum wage?

– Fewer Jobs Are Created With Higher Minimum Wages. One of the negative effects of raising the minimum wage is that fewer jobs are created. – Raising the Minimum Wage Doesn’t Reduce Poverty. Studies have shown that raising the minimum wage does not reduce overall poverty in America. – Teens Will Struggle to Find Summer Jobs. Parents across the nation look forward to their children taking responsibility and earning spending money at a summer job. – Minimum Wage Jobs Are a Stepping Stone. Minimum wage jobs are not the end. They’re the beginning. – Raising the Minimum Wage Increases Inflation. Inflation is tied to salary growth. We have not seen wage growth in America in the past few years since the recession in 2007-2008. – The Congressional Budget Office Report. The Congressional Budget Office (CBO), a non-partisan government agency that takes proposed legislation and calculates the economic impact, is looking into the effects of raising