Why Would Raising The Minimum Wage To $15 Be A Bad Thing?

Jump to Last Post 1-5 of 5 discussions (6 posts)
  1. PhoenixV profile image63
    PhoenixVposted 2 years ago

    Why Would Raising The Minimum Wage To $15 Be A Bad Thing?

    What would happen to small mom and pop businesses and their employees? Would this make less competition for large corporations? Will the price of common goods go up? Would it create inflation?

  2. Discordzrocks profile image82
    Discordzrocksposted 2 years ago

    Interesting idea, but then store clerks will actually start having money, and I like the demeaning look on there face. Jk

  3. fpherj48 profile image77
    fpherj48posted 2 years ago

    First, I'd like to mention that our fellow writer Ralph Schwartz has recently published a fantastic hub on this very topic.  I recommend everyone read it for the best, most realistic & detailed information on the minimum wage debate/discussion.

    It's not really a matter of bad or good.  It's economics, the hard core facts of being a business owner & the issues of profits & losses.  Should the $15.00 minimum wage become law, thus making it mandatory employers pay this amount per hour to each & every employee, this is when the basic facts will become quite apparent.

    Business owners will most assuredly hire "fewer" individuals, meaning the work load increases per employee.  More often than not the prices of goods & services will increase, leading to the possibility of a drop in customer base & increase.  What needs to be fully understood is that businesses exist to profit.  If expenses increase, something & someone is sacrificed in order to achieve profit.  This is IT, in a nutshell.
    Again, I suggest you read Ralph's excellent Hub.

    1. bradmasterOCcal profile image29
      bradmasterOCcalposted 2 years agoin reply to this

      I agree. In addition, the govt gets double the FICA for the treasury, at the expense of the business owners. These workers will probably never see the benefits from SS, or it will be 30 or 40 years from now.

  4. Ericdierker profile image46
    Ericdierkerposted 2 years ago

    I think of it this way. It makes no economic sense.
    But it makes compassionate sense.

    Trying to make it work by arguing the numbers just does not work. Of course it just gets passed on to the consumer in either increased prices or lack of products and services. There will definitely be a negative impact on small business and it most assuredly will add to inflation.

    But making a wage below that is brutal on the worker.

    It really is a social call because it just cannot be argued economically.
    So what tips it for me is government interference. When in doubt, less government mandates.

  5. tamarawilhite profile image92
    tamarawilhiteposted 2 years ago

    1. Small companies without the profit margins lose to bigger businesses that can
    2. Companies of all sizes reduce labor needs to save money with more automation, self service, etc
    3. Increased demand for illegal immigrants who will work for less than the minimum wage, in addition to the existing demand to get around paying payroll taxes or offer benefits
    4. If the employer has to pay $15 an hour, they will not hire the inexperienced, the former felon, the young kid. Europe has high rates like this, and that is why they have 50%+ youth unemployment.
    5. More companies will outsource manufacturing than already have, as well as any service they can do remotely. Layoff more telemarketers, hire more Indian subcontractors doing it from Mumbai.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)