On July 18, 2019, the House of Representatives finally passed a bill to raise the minimum wage for Americans. The bill calls for a gradual increase in the U.S. minimum wage to $15 by 2025 and will phase out the tipped minimum wage paid to workers. The bill is expected to lift one million Americans out of poverty. Sounds good, doesn't it? But my point is that this bill does not help us much, it may even put us in an even worse situation. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay But if the minimum wage is increased, the cost of employment will increase. In order to compensate for increased costs, they reduce the number of employees or increase the price of goods. If we cut jobs or reduce the number of employees, the employment rate will decrease and the unemployment rate will increase. In fact, over the past few decades, many studies have also confirmed that raising the minimum wage actually reduces job opportunities for teenagers and other low-skilled workers. For teenagers, high school dropouts, immigrants, and other low-skilled workers, hourly wages are generally below this level. They find work in small stores, especially fast food chains and other outlets. If the minimum wage is increased, some people will lose their jobs because employers will think that their productivity is not high and that they are not worth spending so much money to hire them. In addition, combined with the dual pressures of loans and falling incomes, American farmers are rushing into the labor market, which will make the already scarce employment opportunities even more strained.As we all know, the situation The current global economy is not very optimistic, and the US economy's growth is slowing down. At present, large companies will reduce the number of recruiters or layoffs. According to the data, the number of U.S. jobs in June was 102,000, almost 40,000 fewer than the 140,000 expected. Additionally, in the first half of this year, U.S. companies cut 331,000 jobs, an increase of 35%. The House of Representatives has called for a $15 minimum wage increase, which could lift more than a million people out of poverty, but the CBO also warned that a minimum wage increase could put between one and three million of unemployed people. If the minimum wage is increased, the data may reach a higher level. Ricky and other officials often rely on another study by Princeton University economists David Card and Alan B. Krueger to support the argument that raising the minimum wage does not reduce the minimum wage. job. According to Calder and Kruger, employment in New Jersey, which raised the minimum wage in 1992, and Pennsylvania, which did not raise the minimum wage, declined by the same amount. So there must be another reason for the decline in employment in both states, which has nothing to do with the minimum wage adjustment. Some people think there are serious flaws in these studies, and I agree with them. Professors Donald R. Deere and Finis R. Welch of Texas A&M University, as well as Professor Kevin Murphy of the University of Chicago, etc. pointed out in their research reports submitted to the January meeting of the American Economic Society that these studies.