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Matthew Rousu says that the wage increase will leave many young teenagers without jobs because companies will be looking for more experienced workers that deserve such an amount of money.

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"Jamie Richardson, MBA, Vice President of fast food chain White Castle, said that the company would be forced to close almost half its stores and let go thousands of workers if the federal minimum wage were raised to $15."

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"60% of small-business owners say that raising the minimum wage will 'hurt most small-business owners,' according to a 2013 Gallup poll"

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Because the wage increase many people would be unemployed meaning that the crime rates will then go up as people start to partake in illegal activities to survive.

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"A 2014 study of 400 US Chief Financial Officers (CFOs) by Campbell Harvey, PhD, J. Paul Sticht Professor of International Business at Duke University, found that 70% of CFOs would "increase contracting, outsourcing, or moving actual production outside the United States" if the minimum wage were raised to $10 an hour"

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Companies would start to set up factories and buildings in other countries so they don't have to pay as much for workers. This would result in a major amount of job loss in America.

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"According to James Sherk, MA, Senior Policy Analyst at the Heritage Foundation, a single mother working full time and earning the federal minimum wage of $7.25 an hour would be over $260 a month worse off if the minimum wage were raised to $10.10"

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People believe that the minimum wage should be set by the individual companies instead of the government. Companies believe that they should be able to set how much someone earns by how much effort they show. By raising the minimum wage workers who are lazy will earn just as much as people who work their butts off.

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In big cities where there isn't enough housing, the rent costs and home costs would rise even higher than they are today because of the minimum wage.

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Workers with lower skill levels won't get hired as much. The lower wages are for workers with less experience and by raising the wage companies would try to find more skilled workers. People in poverty are generally less skilled so by raising the minimum wage it would be harder for them to find jobs.

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"A study from the Federal Reserve Bank of Cleveland found that although low-income workers see wage increases when the minimum wage is raised, 'their hours and employment decline, and the combined effect of these changes is a decline in earned income... minimum wages increase the proportion of families that are poor or near-poor.'"

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"The Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs. [5] In a survey of 1,213 businesses and human resources professionals, 38% of employers who currently pay minimum wage said they would lay off some employees if the minimum wage was raised to $10.10. 54% said they would decrease hiring levels."

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Should the Federal Minimum Wage be Increased?

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Should the Federal Minimum Wage be Increased?

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http://minimum-wage.procon.org/