Raising The Minimum Wage is a Terrible Idea, a Minimum Wage Increase Hurts Everyone
A Minimum Wage Increase:
- Hurts Business
- Will Cause Inflation
- Will Destroy the Middle Class
- Will Destroy Jobs
Raising the Minimum Wage Will Hurt Business
Imagine a company that has five full time minimum wage employees. At the current minimum wage, that business is paying out $1450 per week in wages to their employees. Raising the minimum wage to just $10.10 per hour would increase that businesses weekly output by $570. That is $2280 per month. Most small businesses can't afford that.
Some people think that fast food places like McDonalds, Burger King, and Wendys can surely afford this, as they are multi-million dollar corporations. These people don't understand the business model of these companies. The majority of fast food restaurants are franchises. The corporation makes money by selling franchises. Franchise owners tend to own one or two restaurants. They are not millionaires, they are struggling middle class Americans like you and I. They took a risk and invested a lot of money to own a franchise, and they can't afford an extra $2280 per month.
Businesses will have a few options. They can close down, cut jobs, or raise prices.
Raising the Minimum Wage Will Destroy Jobs
Raising the minimum wage would hurt the very people who are pushing for a minimum wage increase. Businesses will not want to pay unskilled workers the $15 per hour that protesters are pushing for, and they will not even want to pay the $10.10 an hour that the Federal Government is pushing for.
So if the minimum wage is increased, what will businesses do? Businesses will cut jobs. They will have waiters and waitresses perform hostess and and busboy jobs. They will have cashiers go to the parking lots to collect carts. They will have cooks take orders at the register. They will force their remaining employees to work harder and do the job of 3-4 employees. They will have no choice. They will have to make up the $2200 per month somehow.
This is not the only way they will cut jobs though. They will also automate. Many large retailers are already experimenting with self check-out. Many restaurants are also experimenting with utilizing I-Pads in place of servers. These machines are much cheaper and require less maintenance than real people.
Many of the people who are currently protesting, asking for a wage increase, don't realize that they will probably be the first to lose their jobs if what they are asking for is enacted.
Raising the Minimum Wage Will Raise Prices
Cutting jobs and forcing the remaining employees to work harder is just one way in which businesses will try to mitigate the loss they will take when forced to raise wages. Business will also mitigate their losses by raising prices.
It is not just one or two businesses that will raise prices, it will be businesses everywhere. When businesses everywhere raise prices, inflation results. This inflation will put all of the minimum wage employees who still have jobs right back into the same position that they are in now.
However, what is worse is that raising the minimum wage will put everyone who makes between the current minimum wage and the new minimum wage at minimum wage (unless you believe that businesses, out of the goodness of their hearts, will raise their wages as well. I doubt this will happen,but if it does, it will just raise prices even more)
This leads us to one of the least discussed but most important reason that raising the minimum wage is a terrible idea.
Raising the Minimum Wage Will Destroy the Middle Class
As I said above, raising the minimum wage will put all workers who make between the current minimum wage and whatever it is raised to at minimum wage. This will turn hundreds of thousands of people who currently earn livable wages into minimum wage workers.
Raising the minimum wage will also negatively affect every other middle class worker in the United States. Wages have been stagnant for years, and a minimum wage increase won't change that. However, what it will change is inflation. The cost of everything has been rising for years, and a minimum wage increase will only exacerbate this problem.
Americans who are currently living paycheck to paycheck will fall behind. Americans who are able to put a tiny bit of money away each month will soon find themselves living paycheck to paycheck. Millions of people will be negatively affected. Raising the minimum wage will effectively destroy the middle class, creating a two class society (the poor and the rich, the haves and the have nots) in America. Is this something that anyone really wants?
Minimum Wage Workers Don't Deserve More
I know this is a really harsh, non PC thing to say, but it is true. Minimum wage workers do not deserve $15 per hour. Burger flippers do not deserve to be paid the same wages as pipe fitters, medical assistants, security guards, zookeepers, daycare workers, and millions of other skilled professionals.
If people want to earn a better livable wage, they need to work for it. We, as a society, have become way too accustomed to hand outs. We need to learn a few things:
A. Life isn't Fair
B. Nobody Owes you Anything
C. The only person responsible for you is YOU
If you are working minimum wage and can't afford your children, it is YOUR fault. YOU made bad life decisions. You are the one who had children that you couldn't afford. You are the one who kept having more children when you couldn't afford the first. A business is not in business to provide a living wage to you. It is in business to make money. It will pay you what you deserve based on your skills, education, and experience. If you don't have those things, you don't deserve a higher wage.
If you are working minimum wage and don't like what you are getting paid, it is YOUR responsibility to better yourself. It isn't the companies responsibility to pay you more than you are worth. You have the ability to go to college or trade school. You had the ability to work hard when you first started your minimum wage job to become a shift leader or manager. It is nobody's fault that you didn't do any of those things but YOURS (if you can't because you have children, you chose to have children, that is still your fault). And now you want to destroy the United States because you think somebody else should support your lifestyle. This is ridiculous.
Do you Support a Minimum Wage Increase?
Do you Support a Minimum Wage Increase?
Raising the Minimum Wage is a Bad Idea
Raising the minimum wage is a terrible idea. It will hurt businesses, minimum wage workers, and middle class americans. It will cause inflation and turn the United States into a 2-class society.
We as Americans need to realize how terrible this is, and learn to take responsibility for ourselves.