Yes, the minimum wage needs to be increased. Individuals working full-time at minimum wage are unable to support their families. This is not only unfair, but it is a detriment to our society as a whole. The problem with raising the minimum wage is that the overall cost of living will likely increase with it, so more needs to be done to put a lid on the wealthier individuals in the country who take advantage.
A minimum wage is essentially a price floor. Like any price floor, the minimum wage will create an inefficient labor surplus, meaning that people who are willing to work cannot find a job because employers are unable or unwilling to hire workers at the set price. Raising the minimum wage will only make this problem worse. Small businesses, which often struggle to get by as it is, will be hurt the most by such a proposition. The minimum wage is intended to increase standards of living, but it actually can lead to greater unemployment. It is better to let businesses and employees negotiate wages amongst themselves.
Minimum wage is called minimum wage for a reason, it is supposed to be the smallest amount of money payable to an employee for working for a company. Minimum wage is only in unskilled, easy labor, such as burger flipping or being a cashier. These jobs are not meant to sustain a family, and are meant for the young working class who don't NEED money, but use it to buy a first junky $2000 car, and buy ramen for their college dorm. A 40 year old adult is not supposed to have a job at McDonald's. Also, minimum wage jobs aren't even supposed to be permanent, they are starter jobs, and show a business experience to the young adults comin into the world. It is supposed to be low for a reason, and another reason is how small businesses won't be able to sustain themselves at all, and even worse, new businesses won't be able to form with a higher minimum wage. A rise in this will just raise prices for minimum wage companies, which will in turn raise prices everywhere, and basically cause inflation, which will do absolutely nothing in the end but cause a gap of failure in between where minimum wage increases, and inflation a and the economy stabilizes. Minimum wage is perfectly fine where it is, and should not be raised at all, especially for the people who want more money from doing less work. You need to do work to get money, and the more work you do, the more money you get, don't just go out protesting everything so you can get more for doing less.
Minimum wage should not be increased. If people want to earn more money, they should gain an education and work in a higher-level field than the fast food industry. It is not fair to increase their pay when higher level employees do not also have their pay increased. Minimum wage increases only encourages inflation and devalues the importance of the dollar.
why not strive for something better...instead of places like this that have always been for the teen's 1st job or their parents 2nd job saving up for something? So now we going to pay the 16 year old 15 bucks an hour while those that are still paying for college loans are lucky if they make that to start out?
There are a lot of people that are happy to work for less than minimum wage. Several websites even offer people the opportunity to micro task for small amounts of money that amount to less than minimum wage. If there is a law requiring minimum wage, these websites will go away and the people will get nothing.