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The President of the United States should not tell other countries what to do.
You're half right. Raising the minimum wage does increase the price of things, but that is not the whole story. There are other factors that contribute to prices going up. War, a major natural disaster, and printing excess money are just a few of the things besides raising the minimum wage that makes prices go up.
Wouldn't getting rid of minimum wage laws mean that if a company wants to pay their employees only $0.25 they can? If so, then how would that help the economy? This is the main reason I oppose abolishing the minimum wage. Of course, if someone could provide evidence to the contrary then I might be persuaded to support abolishing minimum wage laws. For now though I'm against it.
I am probably a good person but I haven't taken the time to fill out my profile, so you'll never know! |