Opponents of raising the minimum wage believe that higher wages could have several negative repercussions: leading to inflation, making companies less competitive, and resulting in job losses.
Raising Minimum Wage Will Kill Jobs and Increase Prices of Goods and Services. Many arguing against raising the minimum wage point to potential job losses that will result from businesses absorbing the costs of having to pay employees more.
Minimum wage mandates aren't free. They force employers to make difficult decisions and tradeoffs. When government forces wages up, non-wage pay goes down: Workers get less paid time off, shorter breaks, higher insurance premiums, and fewer perks. Some workers lose their jobs.
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