the minimum wage is a truly bad idea

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The Minimum wage is a truly Bad Idea

The Congress had passed several laws regarding economic policies and issues and the raising the minimum wage was one of them . However according to Donald Lambro in his article entitled The Minimum Wage is a Truly Bad Idea , this law had unintended negative consequences Although it was intended to help workers , it does not create employment for those workers and on the contrary , it reduces employment as Lambro stated . Different researches also

support Lambro 's argument . According to a non profit research organization , the Employment Policies Institute , for every 10 increase in the minimum wage , unemployment rise at a very high rate : 3 .9 among minorities , 4 .9 among Hispanics , 6 .6 on teenage minorities , 8 .4 on African Americans and 8 unemployment increase among low-skilled workers . Thus , minimum wages truly have a great impact especially among low-skilled workers as stated by Dr . David Neumark , who conducted the study . James Sherk , a labor policy analyst also supported this argument through his own study . He suggested that Raising the minimum wage reduces many workers ' job opportunities and working hours (Sherk qtd in Lambro , no date . Sherk also stated that a 10 increase in the minimum wage will mean a 2 decrease of employment in affected groups thus a 7 .25 increase in the minimum wage would cost about 8 of unemployment in the said group . On the other hand , the Hoover Institution claimed that around 20 or 1 .6 million workers are likely to lose their jobs if there are no tax cuts especially for small businesses . Due to the minimum wage , employers are finding ways to lessen the number of employees needed in doing a particular job such as the use of different machines which is evident in the contemporary time Thus , the author concluded that we do not need a higher minimum wage in to have a better economy and increase in employment but rather what we need is a clean tax-cut bill that will create higher-paying jobs for all Americans

It can be said that the article have strong arguments that were supported by facts and are accepted by different persons and organizations of the field . The studies that had been included in the article really establish the credibility of the article adding the fact that the researchers and organizations involved are also respected and credible enough to make such comments . Thus , the author really does a good job in making the article believable enough to be accepted by the readers . The higher the minimum wage would really mean that the company has to reduce employees to accommodate the increase as well as to cut worker 's working hours . However , there are also some parts wherein the author 's intention and credibility would be questioned especially his intention in writing the article , what the author really want to convey Is this really an economic issue or is there something else...