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  • Essay / Discussion on raising the minimum wage in the United States

    California Democratic Senator Mark Leno says no one in the Golden State should live in poverty because they don't earn enough income . The current minimum wage in California is $10. 50. This amount will increase by one dollar per year until reaching $15 per hour in 2022. This is a microeconomic measure because it will reduce the employment of low-skilled workers. But it is also a macroeconomic question. Business leaders fear such a big change could happen in the near future. There are only a few years left. 6 years to be exact. Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essay McDonald's CEO has already said that raising the minimum wage would prevent McDonald's from hiring people interested in entry-level jobs poorly paid level. Libertarians oppose the establishment of a minimum wage because it can have a negative impact because it would create barriers to entry. Let's say a person presents a business plan and decides to hire workers. He couldn't hire many workers because the minimum wage is high. So there's a good chance his business won't be as productive. So he doesn't enter the industry. Being a libertarian myself, I don't think it's a good idea to raise the minimum wage. The main reason is that it prevents people from participating in the economy. Raising the minimum wage is necessary to escape poverty, reduce mental health and increase consumer purchasing power. Additionally, most Americans, labor unions, and business owners strongly support raising the minimum wage. In particular, higher wages for workers would strengthen the foundations of the economy by increasing demand for goods and services. People who work hard would feel that their time is valuable and that their work has been rewarded. Stress related to poor health will decrease when people have sufficient income to support their families. People will rise out of poverty and join the middle class to achieve the American dream. However, they need government support by raising the minimum wage instead of giving them welfare and Medicare. As they earn higher salaries, they will have more money to spend, leading to an increase in consumer purchasing power. Business owners should give their employees a raise in recognition of good performance, and workers will work harder to do the employers' job. Low-income California families are waiting for their wages to reach $15 an hour by 2022 to move out of poverty and into the middle class..