One of the reasons we should not raise minimum wage is because it would cause inflation. Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. If we raised the minimum wage businesses would be paying higher employment prices so therefore they would have to raise the prices of their product in order to maintain a profit.It has been shown it previous cases that if the minimum wage goes up and doesn't keep up with inflation that peoples paychecks go up but the prices of goods go up which does not help people. In one case it showed that a 10% increase in minimum wage causes food prices to go up by 4 %.
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