Should the US raise the federal minimum wage?
Debate Rounds (3)
http://scholars.unh.edu...). Boosting the wages of this low-wage workforce creates a ripple effect that not only improves the quality of life for these individuals in their families, but also injects more money into the economy and improves public safety. An increase in the minimum wage reduces crime rates, especially among uneducated men (http://researchnews.osu.edu...).
Raising the minimum wage would also hurt the worker. The Congressional Budget Office (https://smartasset.com...) estimates that raising the minimum wage would cost nearly a half million jobs. In addition to this, many minimum wage workers would have their hours reduced, so they may end up making even less money than before.
Businesses will pass the raised minimum wage burden on to the consumer by raising prices. This in turn causes inflation, not only for non-minimum wage workers, but for minimum wage workers as well. Therefore, not only does raising the minimum wage not help minimum wage workers, but it hurts the rest of workers.
Minimum skills = Minimum Wage
Lastly, you cite studies that are inconclusive. I can come back with numerous for my defense and you could come back with numerous for yours, but they are all inconclusive.
http://murray.seattle.gov...). As a result of the increase in minimum wage, unemployment dropped by 17.46% from 6.3% to 5.2% (http://www.forbes.com...). These numbers are not theoretical and thus invalidate your point that an increase in the minimum wage would increase unemployment. Additionally, this wage hike did not result in the closing of small businesses (particularly restaurants) despite discussion that it was the cause of the closures. Restaurants that closed in 2014 did not do so as a result of the $15 minimum wage since businesses were in a phase of gradual wage increases that had not yet begun. Although some speculate that businesses closed due to the impending wage hike, owners of the businesses that closed spoke out and dispelled the rumors, some even outright supporting the wage increase (http://www.seattletimes.com...).
Although critics of the minimum wage increases argue that it has a negative effect on the economy, the Consumer Price Index for Seattle following the increase shows that there was a minimal, initial increase in the CPI. Restaurant prices rose 3% in the year following the increase, with a 1.6% increase overall in the Consumer Price Index for All Urban Consumers (CPI-U) (http://www.bls.gov...). These examples disprove your contentions that a raise in the minimum wage would cause significant inflation, increase the unemployment rate, and harm small businesses.
Senator1 forfeited this round.
1 votes has been placed for this debate.
Vote Placed by Hayd 1 year ago
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