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Minimum Wage Research Paper

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Why should minimum wage stay the same? Minimum wage shouldn’t be risen because of the value of the dollar. Not only would the value of the dollar go down but, more people would be unemployed. “The rich will get richer while the poor get poorer” as said by William Henry Harrison on October 1st, 1840. With the minimum wage going up, prices will go up and the economy will collapse because of inflation. The economy will be unstable and homeless people will be receiving less money. In 2008 the economy collapsed, badly, we can refer to what happened then to what will happen now. People will work less and get more and think they are set for life when they are very rich. Off of basically doing nothing and getting 15 dollars an hour and having a 48 …show more content…
If you’re working to little and can buy a lamborghini that’s a problem, you’re supposed to work for everything. Not only if you get a high minimum wage the homeless people will still be getting a dollar still and as if it wasn’t hard enough for them to get back up from homelessness. Although it would help pay debts and student loans, you should be able to pay for your loans even without extra minimum wage. Minimum wage is set so the value of the dollar is set still. Even though China is messing with our economy minimum wage should stay the same. All that I’m saying is minimum wage can help pay student loans you can help pay them without minimum wage and minimum wage is at its highest right now with the $10.00 California minimum wage and it wouldn’t help with the counter of inflation of prices. More people would be unemployed and the people who are working are making a lot of money. In theory, working minimum wage would be a lot and people would be working less and making more and homeless people couldn’t get a job and wouldn’t be easier to get up from homelessness, as if it wasn’t hard enough. Raising Minimum Wage would be a bad idea over all and all people want is money and don’t want to work for it. In theory Minimum wage would be bad just try and work to get a higher wage. Working for money is more valuable than working for a minimum

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