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Price To Pay To Increase Wage

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There has been minimum wage increase demonstrations in New York City, Washington, D.C., Detroit, and other cities in the United States. Fast food workers want the federal minimum wage increase from $7.25 to $15 an hour. In Detroit fast food workers picketed outside of two McDonald’s restaurants. Some fast food workers in New York City blew whistles, beated drums, and marched into a McDonald's restaurants protesting low wages. While in Washington, D.C, marchers carried signs protecting low pay. All the protesting is in an effort to gain public support to increase the federal minimum wage. There is a price to pay to increase federal minimum wages. It is not a win win situation for everyone. If the federal minimum wage is increased, fast food employers may be forced to lay-off some of its employees. If not, employers may be force to increase the cost of their product to compensate for the increase in wages. Currently, an employer can hire two employees for less than $15 at $7.25 each. Increasing federal minimum wage my cost an employee their job, or cost the employer customers due to product price increase.

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