The federal minimum wage should be left alone. The jobs available are for unskilled workers, typically teens or a spouse working a part time job. A wage is paid for what it is worth. Here's an example, if a job for subway is to make a foot long sandwich and they charge $5, a consumer could be happy with that and decide it's a reasonable price. But what if they charged $10 dollars for a foot long sandwich? Or $20? Even $50? At some point that job would be lost. It's basic human choice. How much are you willing to pay for something? That's exactly why the minimum wage workers are paid what they are paid. If the cost of the worker is more than the value, jobs are lost.
A result of an increase in minimum wage is negative either way the business or company goes. They have limited options. They can either decrease employment or raise prices. Both of which negatively impact the working poor.
I totally disagree with your statement. If federal minimum wage is increased, crime levels will drop because people who are not economically prosperous will find there will be less of a need for them to commit crimes to receive income. They will find it easier to find medium income jobs at places that operate on minimum wage. The people of america will instantly benefit from an increase of minimum wage.
Your argument is invalid, a high percentage of criminals are unemployed. Additionally, raising the minimum wage would lower the incentive to go to college. We need an incentive to send people to college so we can get skilled workers to compete with countries like China.
That's taking it too far, saying that Chinese workers are skilled. The Chinese have a vast population of unskilled workers that is the bulk of their work force. I see your point in the respect that it would discourage people from going to college, it wouldn't. It would allow people to pay their way through college if taught how to manage their savings and taxes.
There are many highly skilled Chinese engineers, economists, etc. Also, over 50% of minimum wage workers are teenagers. Another large percentage are part time and married. Why would we need to raise the minimum wage for those who are most likely supported by their family? We should individually help those people by and Earned Income Tax Credit. There is absolutely no reason to shotgun the minimum wage up.