Should the government raise the federal minimum wage?
No, this will only cause prices to increase in a never ending cycle
If you make it so that a company needs to give out more money to everyone, a few things can and/or will happen. One is that they automate the process, which means that people who want that kind of job just won't be able to get it anymore and hurts those looking for entry-level jobs for experience, and also ties in with another thing of them just getting rid of more workers. If you pay 100 people 10$ an hour and the minimum wage is increased to 15$ an hour, you're not just going to pay 100 people 15$ an hour, you're going to get rid of people until you're paying employees about the same amount of money as you were previously. The third thing that can happen is that they just increase the prices of all their products, meaning they don't get cheaper for people being paid minimum wage and that they get more expensive for anyone being payed more than minimum wage.
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