Raising minimum wage is a bad idea. When raising minimum wage, you’re creating a recipe for disaster in having fewer jobs. This will put small businesses in an unacceptable bind that no one benefits from.
When raising minimum wage to $9 an hour, they will have to cover the higher cost of staffing entry-level jobs, which means a couple of things. They have to raise prices on goods, which will be bad for the consumers. Furthermore, many will have to cut back on hiring people or reduce their staff to just meet the new minimum wage.
Raising the minimum in this struggling economy will only kill jobs for many people. Some people see this as a need to raise minimum wage in order to meet the cost of living. I am sympathetic to that. However, people may actually end up losing their jobs. With this said, wages could cause inflation and the value of a dollar would shoot down. Layoffs may occur; some struggling small businesses could shut down. The extra dollar or so per hour would end up hurting the economy more than anything. So with that said, it’s an all-around bad idea.
Hurlburt is a senior at Franklin Central School writing this letter for Stephen DeCarlo’s social studies class.