Minimum Wage Issue

Whenever someone makes a quick decision in a big situation, there are times when their decision making is founded as too hasty and not thought very far ahead of time when in reality that is not the case. The people who create that foundation are also seen to make quick inferences of that decision. For example, society's comprehension about the effects of raising the minimum wage. Surrounding the issue are people's concerns which has clouded their awareness of what results actually occurs after increasing the minimum wage. Although people worry about the subject matter which moves them to object for various reasons, explanations from those who support the minimum wage going up wipes those concerns away. One of the topics that comes up about …show more content…
When one thinks about it, a worker with the highest degree is typically paid more than a worker who only has a high school diploma. Therefore I find this conclusion is understandable and reasonable since some owners might feel more obliged to hire specialized workers who owners may feel deserve the pay than inexperienced workers. Especially when the issue focuses on retail employment because retail is the most popular area for teens and young adults who typically lacks the experience needed to work in retail. Which heavily impacts those applicants if the minimum wage increase results in the loss of jobs and less hiring. I think that scenario would also apply to other areas as well. In addition, the Employee Policies Institute stated that low-skilled workers will lack the ability to escape unfavorable labor market results for raising the minimum wage. In contrast the U.S. Department of Labor states that a raise in the minimum wage is predicted to increase job growth and …show more content…
In accordance to supply and demand, some people believe that if the minimum wage goes up then so does everything else because if the demand for a product increases then supplies increases as well. Which leads to the opinion that raising the minimum wage would cause harm for people when the issue is supposed to help (Lee 42). As someone who took an economics class, I think it is an acceptable explanation behind why some people are of the opinion that increasing the minimum wage will backfire. Because if there is a high demand for a good or service then people would ask for a low price; yet, to balance, more supply is generated and as a consequence prices increases as well to meet those demands. Thus people deem that if someone tips one side of a scale then the other side reacts to compensate. On the other hand the U.S. Department of Labor contends that although some states have experienced “automatic increases to their minimum wages to keep up with inflation”, the federal minimum wage does not work that way. Actually, increasing the federal minimum wage needs the approval of Congress and the president. However President Obama asked to increase the federal minimum wage as well as for it to automatically increase in conjunction with inflation (“Minimum”). I think it is interesting how President Obama is making this call to action when there is a sense of a spark to

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