drtrottenheimer:

a-random-mod:

raising minimum wage would cause a bunch of people to lose their job and make finding a job even more difficult than it is…. Just throwing that out ther….

Excuse me if this sounds stupid but how exactly does raising the minimum wage make people lose their jobs? ^^’

Because if minimum wage is raised, companies will still need to make a profit. The means they will either raise the prices of their goods or they will let people go so they will have less people to pay and thereforek they will be able to keep their company opeb. It will also be harder to find a job because companies don’t want to risk wasting money on someone too inexperienced. Just because minimum wage is raised doesn’t mean that the goods/services the companies buy to produce their own goods/services will go down to compensate. Hell, chances are the prices will go up.

(TL;DR) Raising minimum wage will cause many people to lose their jobs, small companies to close down and prices as a whole to go up.