- Minimum wage in the U.S should not be raised because of the negative impact it would have on the economy.
Brown, Charles; Gilroy, Curtis; and Kohen, Andrew. “The Effect of the Minimum Wage on Employment and Unemployment.” Journal of Economic Literature, Vol. 20, No. 2 (June 1982), pp. 487-528.
It seems counterintuitive that out of the bigger reasons to this topic, the one reason that I did not think could go into much detail is the complete opposite. The main focus is the employment and unemployment factors. In the first section microeconomics is looked at as we see the simple supply and demand curves. Not only that, but it is looked at in a single market. In addition to this, but not limited to, more and more models are looked at getting complicated as one goes on.
It seems counter intuitive that there are many different problems too minimum wage and people don’t know that increases here and there are a threat to their own selves.
Lee, C. E. (2014, Oct 02). Obama outlines economic case ahead of midterms; president calls for policies such as raising minimum wage, extending unemployment benefits. Wall Street Journal (Online) Retrieved from http://ezproxy.rowan.edu/login?url=https://search.proquest.com/docview/1566929754?accountid=13605
This is for the rebuttal. Saying that raising the minimum wage will be beneficial, plus it will help unemployed find jobs.
Sawchuk, J. (2015, Mar 31). Minimum wage increase creates unemployment.Alberni Valley Times
It seems counter intuitive as one would think raising something will benefit ones around each other. However that always is not the case just like for minimum wage for example. When one raises the minimum wage there are going to be opportunity costs for it.