Jeremiah’s essay draft

Summary

It would not be beneficial to raise the minimum wage in America for several reasons.

Firstly, increasing the minimum wage leads to higher costs for businesses, which in turn can cause lower profits, layoffs, and possibly even closure. For small businesses, especially those that are already struggling, an increase in the minimum wage can have a devastating impact.

Secondly, increasing the minimum wage can lead to increased inflation. As wages go up, businesses are forced to increase the price of their goods and services to maintain similar profit margins. This could ultimately lead to a decrease in purchasing power for people.

Finally, proponents of a minimum wage increase often argue that it will lift people out of poverty. However, studies have shown that only a small percentage of minimum wage workers actually live in poverty. Additionally, while increasing the minimum wage may improve the quality of life for some workers, it could have negative impacts on others, such as individuals with disabilities who may not be able to find work if the cost of labor becomes too high.

While proponents of a minimum wage increase may argue that it is necessary for social justice reasons, the economic impacts cannot be ignored. Instead, there should be a focus on providing education and training opportunities to help people move up the economic ladder.

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