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Should Minimum wage be increased Introduction For many decades now there has been heated debates concerning minimum wages and increases in those wages Most people have a tendency to assume that when the minimum wage is increased people will benefit They do not stop to think of the consequences that come from minimum wage increases The general population merely assumes that people should make an adequate amount of income and never stop to consider the consequences nor do they stop to consider alternatives A rise in minimum wages is not necessarily the best approach to helping the poverty stricken individuals in this country The following paper presents an overview of various problems concerning raising minimum wage finding that it is not the best way to deal with the problem of poverty Where Does the Increase Come From As stated many people do not stop to consider the costs of minimum wage increases For example where does the increase in wages come from It certainly doesnt come from taxes or government funding It comes from the employers whether they are large or small In a recent California wage hike one employer illustrates how the wage was paid I took the hit completely the first two times but this last time I raised prices says Mickle who employs eleven people at minimum wage in one store and sixteen in the other Thats how things work If your costs go up youre going to have to pass some of that along to the customer You dont pass all of it along But you have to pass some of it along - thats basically how I try to offset it Laabs 1998 p 54 Employers somehow must come up with the money to pay the wage increase They must raise their prices therefore charging all consumers more and they may even have to let go some of their employees in order to have
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