Most people don't dream of working the rest of their lives for minimum wage, but that's the harsh reality for many Americans. A minimum wage was set for workers, so that they were not underpaid. In recent years, people have wanted to raise the minimum wage to put more money in their budget. This will help people move out of poverty and become middle-class citizens. So it could be possible, but many say so, not without giving it serious thought. Raising the minimum wage will have many consequences. Even though raising the minimum wage will give more money to workers, the minimum wage should not be raised because it would raise prices, eliminate jobs, and hurt the national budget. While some may think that an increase in the wage will create additional financial problems, others believe that an increase in the minimum wage will give more money to workers. workers have more money. The national minimum wage in the United States is $7.25. Employees and lawmakers say raising the minimum wage to $10.10 would help boost the economy. Raising the minimum wage will lift people out of poverty and can stimulate the economy by purchasing more products. This will help the nation pay off more debt and generate more revenue for the country. Besides having a positive effect on the nation as a whole, this will help workers financially. For example, by working thirty years earning only the minimum wage, some workers will benefit from an increase in the minimum wage. They can finally repay their old debts and loans since they will have more money in their pocket. Plus, they will be able to pay their bills on time and won't have to pay late fees. An increase in the minimum wage will allow them to have more money to buy the items they need. Another way raising the minimum will help people is to have more independence... paper... and more money in welfare to compensate for lost work. The nation will have to support companies that go bankrupt because they cannot afford to pay their employees. Additionally, the country will need to support small businesses trying to grow and expand. Therefore, raising the minimum wage would hurt the budget because more money would have to be spent on programs and would result in more debt for the nation. Raising the minimum wage would have a negative effect. Businesses will have to cut jobs or raise prices in order to stay in business without losing money. In addition, the national budget will be affected by the increase in funds dedicated to various unemployment and bankruptcy programs. Although others believe that an increase in the minimum wage will allow workers to have more money in their pockets, the minimum wage should not be increased because it would raise prices, eliminate jobs and hurt the national budget..