A Summary Of Increasing Minimum Wages
I think the minimum wages should remain $10 and should not be increased beyond that. Increasing the minimum wages would worsen the situation and elevate unemployment rate. For instance, big firms would reduce the chance of hiring new employees, or eliminate jobs that would pay workers more money. On the other hand, if a restaurant worker is paid with $15 per hour, the owner of the restaurant would definitely increase the cost of the food and that will force the customers to pay more money. Therefore, wage increment will result price inflation and that will be detrimental to both poor and the middle-class level. On the other hand, government regulation is highly necessary to safeguard the rights of the workers and protect from all kinds of