Raising the Federal Minimum Wage – Is It a Good Thing?

Undoubtedly you heard it is a fantastic idea to increase the minimum wage in the use and if you operate in a minimum wage job you support the increase. You probably do not understand why there is so much resistance from conservatives throughout the nation.Every action has an opposite and equal reaction.Weknow that we are not currently dealing with a law of physics we are currently working with an unbalanced and delicate economy that has recovered. We are close to where we would like to be health wise but the government wants to change everything by increasing the minimum wage without knowing what the side effects are to our economy. That is a dangerous road. But we do have a clue about things MAY turn out if the minimum wage is increased.

Minimum Wage

First as you are led to believe by the noble politicians off, this is not about fighting poverty and fostering the class. The CBO or Congressional Budget Office estimates that 5.5 million, roughly 4 percent of all employees earned over 25 cents of the minimum wage. The CBO also estimated that in the minimum wage level of 10.10 per hour about 16.5 million people would see their wages increase. Only 19 percent of the 31 billion will go to households making with 29 percent of the 31 billion although that increase would increase earnings by 31 billion dollars. Even scarier is that as a consequence of the wage growth, the CBO estimates that about 500,000 jobs would be lost. The excellent thing about the technological progress of today is it entirely possible for employees. McDonalds does not care about making everybody happy, they care about money.

We are relevant because we are cheap to meet their business model. We will be cut. Due to the wage growth, your job is at stake.Instead Of focusing on raising the Salário Mínimo, we will need to focus on Bringing our youth. Money management was never educated at our school. We did not have a course on moving up in the office or balancing the checkbook. There was no course on credit construction 101 worlds. We had a language and a job fairs or two in the rest and high school was on us. The Concept of a minimum wage job is to get your foot your future is built by you through decent and instruction work ethic. We need to work towards finding a way available to everyone who’s ambitious and dedicated. Raising the minimum wage is another way to keep you. Please do not fall for it like they want you to.