The Benefits Of Raising Minimum Wage

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“If you raise the minimum wage, it will go into pockets of people who will go out and spend it”(Tom Kiley). Tom Kiley thinks this idea is not good. Giving people extra money will make them just waste more money. Minimum wage is serious to people that live in poverty. Minimum wage is the lowest amount of money a worker can legally get paid. Minimum wage was signed into law by President Roosevelt in the year of 1894. The minimum wage was first set to 25 cents per hour. People argue that Raising the minimum wage is better because it will make people's lives better because they will be able to afford more things for their families. Raising minimum wage can cause much more trouble than most think. The prices of many things will go up and will …show more content…
jobs. Increasing minimum wage would have more people jobless.” (Companies will lose a lot of money paying so much people that extra money.It will be easier for them to just let them go.They will save a ton of money and they have less people to worry about. Having an increase in minimum wage would hurt the companies that have more than just one company. According to Bernie Sanders It would force companies to close many of their companies.“companies would be forced to close almost half its stores and let go thousands of workers if the federal minimum wage were raised to $15”(Plan to Raise the Minimum Wage Has Plenty of Flaws). Increasing minimum wage can cause lots of damage to not only workers but to the business owners that own more than one business. It will force them to close down. They won't have enough money to keep their company running because the owners need to pay their workers. Without the workers the business will not run. …show more content…
Minimum wage will not only help out the workers but it to will help out the state save a lot of money. According to David Cooper he realizes “Raising the minimum wage to $10.10 would reduce government expenditures on current income-support programs by $7.6 billion per year—and possibly more, given the conservative nature of this estimate”(Raising the minimum wage to $10.10 would reduce government expenditures on current income-support programs by $7.6 billion per year—and possibly more, given the conservative nature of this estimate).Raising minimum wage can help the governement save money. People will be earning enough money to not need the help from the government. The government will not have to keep giving them money.They will save 7.6 billion dollars that they can use for something else that will be needed in the future.Raising minimum wage save a lot of money for the government. All the money saved will benefit us to fix and make stuff for the people. According to Rajiv Bhatia study he found out “raising the California minimum wage to $13 an hour by 2017 would "significantly benefit health and well-being." The study found that those earning a higher minimum wage would have enough to eat, be more likely to exercise, less likely to smoke, suffer from fewer emotional and psychological problems, and even prevent 389 premature deaths a year”(Health Impacts of Raising California’s Minimum Wage). Raising minimum
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