Although I understand that many people are suffering from unemployment and poverty right now, I think minimum wage should stay the same. If increase, only by a little. Yes, by increasing minimum wage, workers would gain more money and have a slight alteration in their lifestyle but if increased by too much, employers would no longer feel the need to hire more workers because that is taking money out of their own pockets and with less money to work with, they don't have the motivation of expending more money to hire and pay even more workers. Instead, they might take the easier route of cutting workers and even replacing them with technology in order to save money which is not the right approach for the economy. I think the best choice is to stabilize the current minimum wage and promote more small businesses and future business leaders to create more jobs and generating a greater workforce for the unemployed suffering right now.
Would the economy be able to provide and work with a minimum wage of $10.00? What would need to change in order for this concept to work?
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