Sadfsdf

sfddsasdfdasfdasfadsfadsfafafasfasfasfafasfShort answer: Anyone who currently does a job that pays less than $15/hr can expect to lose there job to automation or outsourcing.

Long answer: Despite all of its good intentions the minimum wage simply acts to cause unemployment. The higher the minimum is set the more unemployment it causes. Lets look at some jobs that were lost to the minimum wage.

1) elevator attendant, in elevators when you got in there used to be a person there who ran the elevator. They control it up and down and open the doors. There was a minimum wage hike and it no longer was profitable to someone run your elevator, so they installed more expensive automatic elevators, and the elevator attendants lost there jobs.

2) Full service gas station worker. It used to be when you pulled up to a gas station a worker would come out and pump your gas for you. But a minimum wage hike made it too expensive to have full service gas stations, now we pump our own gas. All the people whose job it was to pump gas lost there job.

These just two easy examples, but there are tons more. The minimum wage hurts the poor, as they lose their jobs to technology. Which would most people rather have a job at $7.25/hr or no job at $20/hr.

10 months ago Report Abuse

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Nate

Tens of millions of people would become unemployed and the entire American economy would be destroyed.

One of the basic rules of economics is that when you establish a price floor (which is what a minimum wage is), you create a surplus because many people cannot afford to pay the minimum price. In the labor market, a surplus means unemployment.

I don't have the numbers on me, but I believe something like half of all American workers make $20 per hour or less. The vast majority of these people would lose their jobs, since their employers would be unable or unwilling to pay that rate. Some of the ones who currently make $17 to $20 would get a slight raise, but the celebration would be short lived; most likely their companies would soon go out of business due to a lack of low-level employees.

The effects would mushroom. With 50% of the country unemployed, consumer spending would plummet, which would throw even the high-earning employees' companies out of business. The entire economy would be destroyed within a couple of weeks.

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Justin C

Upper class would be raised to super upper class, middle would replace upper, and