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$15 Minimum Wage

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by

Casi Kilano

on 4 April 2016

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Transcript of $15 Minimum Wage

Education:
Unfair
THE WORK IS NOT WORTH $15
Nurse; $21.65
1st Grade Teachers; $25.67
Cosmetologist; $21.26
Starting Psychologist; $18.88
Fast Food Worker; $15 ????
Peronal Experience:

Glass, 6th pd.
Thursday, December 10, 2015
Casi Kilano
Cons of a $15 Minimum Wage
Inflation:
Definition;
A general increase in prices and fall in the purchasing value of money.
Dificult to plan ahead;
Inflation creates uncertainty, especially when it fluctuates widely from month to month or year to year. The reason that consumers and producers alike, do not like inflation is that they prefer a knowable, stable, predictable life. They would rather not have surprises, including unexpected inflation. Changing inflation creates uncertainty and makes long-range planning exceedingly difficult.
Example

In January of 1988, the United States Department of Labor, Bureau of Statistics, indicates that a loaf of white bread cost approximately
59¢
. In January of 2013, that same loaf of bread cost
$1.42
. Meaning in in just a twenty-five year period, the bread increased 83¢ or rose by 140%.
Keeping minimum wage at $7.25 an hour could potentially cause people to want to stay in school and get an education to be able to have jobs and earn positions in life that are actually worth that $15 an hour.
Examples:
The minimum wage isn't meant to be a "living wage".
Quality of the service provided
There are far more skilled jobs and jobs which require an education that are lucky to get that paid at that rate.

Conclusion;
IT'S NO GOOD.
https://beta.finance.yahoo.com/news/raising-the-minimum-wage-to--15-hour-will-kill-6-6-million-jobs--aaf-152547994.html?ltr=1
Potentially puts more people into poverty.
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