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Should Minimum Wage Be Abolished Essay

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Abolishing Minimum Wage

In the news I have heard several debates about abolishing minimum wage. Minimum wage causes unemployment, poverty, and hurts businesses on achieving lower prices for the consumer. Abolishing minimum wage will create more jobs, stabilize our trade shortfalls, and adjust the differences in the cost of living correctly to help minimize poverty. There are several benefits of both abolishing minimum wage and keeping it as well. Popular economists believe thousands of jobs will be eliminated due to the high cost of the minimum wage law.

For people that oppose the abolishment of minimum wages believe that this action will decrease the amount of employment available and make life for individuals who receive minimum wage impossible …show more content…
Reduced To $0.00)? “(2011), “Elimination of the minimum wage would mean more citizens and fewer illegals would be hired for low-pay hourly jobs, leading to greater tax revenues and less incentive for illegal immigration”. Jobs involving housekeeping, nanny, or adult care providers are low wage jobs and mostly employed by illegal immigrants, therefore these jobs have no social, state, or federal security taxes withdrawn.
Employees that earn the minimum wage tend to be teenagers or college students. Mostly working in businesses that keep a few cents of each sales dollar after expenses. When minimum wage goes up, employers are forced to either pass costs on to consumers in the form of higher prices or cut costs somewhere else. Messerli, J. (2011). This causes fewer hours and jobs that are available for unskilled and entry level employees.
A low-paying job remains an entry point for those with few marketable skills. If a business is allowed to pay smaller entry wages it will offer more opportunities to people who are searching for jobs with no experience. Messerli, J. (2011). The business can take on additional workers for a reasonable price. The jobseekers can gain valuable experience that can be used to get a great, high-level job later

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