Negative Effects Of Raising Minimum Wage
Raising the minimum wage would have a negative effect primarily because it would raise the cost of living. Raising the minimum wage would increase the amount of taxes we would have to pay in order for our government to sustain itself. “ Since 2013 taxes have gone up ten percent”() with just a seventy cent raise in the federal minimum wage since the last time that it was raised we can see how that is a drastic outcome. It's not just the governments who would differ because of the raise in the minimum wage. Businesses would have to raise their prices as well in order to stay afloat. “Legislation for the first time in twenty years approved a gas tax”() It is clear to see how raising the minimum wage would negatively affect our society. Considering