Why is a minimum wage increase good for us?

Answer 1

Everytime the min. wage is increased, the economy is boosted because the poor need it; therefore, they spend it = it goes right back into the economy.

Answer 2

More money = more taxes and more money in the economy
More money = less people who need public assistance and tax savings
More money = people feel better
More money = doing the right thing since cost of living has increased while minimum wage has not

As to employers passing on the cost, I know this is a philosophical question, but how much profit is enough for companies? If a company isn't profitable, it closes it's doors -- minimum wage increase isn't going to take more money from a company that can't afford it unless it is a small business. It is a viable statement in a few instances instead of a TRUTH to be taken in every instance -- no matter who wrote the statement or theory and had it published.

Answer 3

The only thing raising minimum wage does is decrease the value of the US dollar. I do make mimum wage and I am against a minimum wage increase as I am intellgent enough to understand that all raising minimum wage would do is increase the amount of money that current merchandise costs, therefore ultimately causing an even greater gap betweent the rich and the poor. Ultimately causing the poor to be poorer!!!

Answer 4

good question. theres a simple answer... it is and its not (ok not so simple) anyway, you would think that a minimum wage increase would be good right? well i don't know. the con to this is that the employer (who is always trying to increase sales and get good working employees) will have to get better employees and will leave out the young people who just got out of school and looking for a job. so unless the employer leaves the minimum wage for the customers to take, then we are all doomed. if that makes sense. we are trying to create an equal, trying to find whats good for the economy and people of the world while trying to balance the unemployement rate. it just goes in circles.

Answer 5

Because that the current minimum wage is not even enough to live independently, below the poverty level. With an increase, companies may have to cut their own wages or increase prices, but all people are equally human and deserve to live off of the wage they earn and have an opportunity to further themselves.

Answer 6

Go & get a minimum wage job; work at it for 2 months; see how many of your bills you can pay, & then come back HERE- & tell us whether a minimum wage increase would be good for us... -Oh, & while you're at that job- take note of how many of your co-workers have Green Cards. -You'll answer another question you probably have, also. Stupid questions tend to run tandem.

Answer 7

I don't see how it can help all that much, because I imagine people who are at minimum wage when it gets raised aren't going to be well off all of a sudden. That said, the min. wage does need to be raised to reflect inflation of everything else, such as gas prices, etc. Imagine if min. wage was never raised, and people made the same amount they did fifty years ago.

Answer 8

It's a bad thing! It increases inflation by driving up prices, and it increases unemployment. Businesses lay off people when minimum wage goes up.

Answer 9

well its something like this-

if minimum wage is increased people making minimum wage will make more money. with that extra money they will in time be willing to spend more money or invest more money. therefore boosting the economy.

Answer 10

It helps the few people who make a little extra money from the raise, but it hurts employers who tend to hire fewer people and to work remaining workers harder. They also pass on the expense of having to pay higher wages and benefits to the consumers which is a hidden tax on everyone, called inflation.