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The Rise of Minimum Wage

In: Business and Management

Submitted By yelhsa09
Words 318
Pages 2
“The Law of Demand is a Bummer”

Minimum wage is a political issue that is in constant debate in the United States. People should get paid respectively for their work. It is naïve to believe that a company could make cuts in certain areas of their business to be able to pay their workers more than minimum wage. The article mentions turning down the air conditioning or cutting hours of employees to compensate for a higher pay for workers. However, changing the environment of a business could affect how the customers enjoy the atmosphere and in turn can affect their return. I, for one, would see refuge in a nice, cool coffee shop in the middle of the summer over one that skimped on the AC. Also, I have worked quite a few minimum wage jobs in my life. When I had 3-4 hour shifts as opposed to 6-8, I felt like it was partially a waste of my time. So the cuts that the article mentions could more negatively affect the business than anything else.

Increasing minimum wage would also, in turn, increase prices. In my opinion, if a worker wants their hourly wages increased, they should put in an effort to advance their skillset or education. If minimum wage was increased to $15 an hour, that would mean that (potentially) a 16 year old with their first job at Wendy’s would make over $30,000 a year if they were working full time. That is more than I made in my first full time position that was in the field I got my Bachelor’s degree in. To me, raising minimum wage for jobs that do not require a specific degree or skill-set will just encourage today’s youth not to further their education past high school. Eventually, students would probably start to see little value in even completing a high school…...

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