The minimum wage should not be put at $15.00 an hour because it will cause rapid inflation, and will not end poverty in America because minimum wage is not suppose to be a living wage.
The minimum wage should be raised to $15.00 because many people rely on their minimum wage to buy basic essentials when really, there is no way. A McDonald's worker in California that I interviewed asked for a raise for their family but money from their paycheck got taken away. The minimum wage must be raised to $15.00.
And what happens when that Big Mac cost $8.00 and you have to lay off half of your employees or have to start implementing automaated systems to fulfill orders?
Damian has the right idea, the minimum wage should always be $0.00, therefore, companies will not be pressed by corporate welfare and artificial monopolies to outsource jobs to offshore sweatshops. :)
Unless you are simply opposed to any minimum wage... You state that raising the minimum wage will cause inflation. However if it has already occurred, workers are currently being paid less than they were when minimum wage was last set.
Say you are paid 100 cents at year 0, and a small amount of inflation has occurred steadily over 5 years since, in year 5 you are handed only 75 cents at the value of year 0 money.
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Say you are paid 100 cents at year 0, and a small amount of inflation has occurred steadily over 5 years since, in year 5 you are handed only 75 cents at the value of year 0 money.