The Minimum Wage Debate

The Minimum Wage Debate

TheMinimum Wage Debate

Thediscussion on minimum wage has always been an issue that has beenhighly debated and full of controversy. The controversy is notshocking as an increase in minimum wage would affect many features ofour lives and the society. The question that is asked most of thetime is whether the minimum wage should be increased. Differentopinions have been put across about the issue of increasing theminimum wage. In my opinion, I find it important that the minimumwage is not raised if the country wants to increase the level ofemployment and closing the gap between the rich and the poor in thesociety.

Itis easy to think that increasing the minimum wage would result in anincrease in the economic wellbeing of the poor. However, this isusually not the case as states that have tried increasing the minimumwage have not succeeded in applying this plan. Raising the minimumwage has produced different results. Some businesses are forced toclose or even fire some of their workers so as to meet the new wagerequirements. It could also mean that some people who have beenworking on part-time jobs would have to lose their jobs. Increasingthe minimum wage would be counterproductive as it would make theeconomic situation worse rather than making it better.

Thebest way of making sure that the quality of a person’s life isimproved or that unemployment is reduced, would be to make sure thatthe employers and businesses have an environment in which they cansucceed in their operations. Successful businesses would most likelyexpand. If businesses expand they would hire more workers or theywould increase the salaries of their existing workers due toincreased earnings.