Minimum Wage Is Bad Economically (No Minimum Wage)

Thanks for your arguments, Pro. I will start with a few rebuttals, then introduce arguments of my own.Rebuttals "But the many that can't find work because of the increased minimum wage are forced to go on welfare." ~ProThroughout American history, there has been no real connection with increased minimum wage and unemployment. Infact, if you look through the years when the minimum wage was increased, and the employment rates of those years, a majority of the years where minimum wage was increased, there was actually an employment increase in the following 4 years! (would use sources but not aloud)."Why do you think many corporations moved out of America?" ~ProNo large corporations have recently moved out of the United States."Not to mention lowering the minimum wage will also make nearly everything cheaper." ~ProA lowering of the minimum wage would also make less people be able to pay for different products, even if they are cheaper. Different companies that sell products to the lower class would see a decrease in sales, because of the inability of minimum wage earners to pay for these products."So like I said before, sure you give one guy a job with this minimum wage but there are 10 other guys that didn't get the job that are now forced to go on welfare." ~ProThere is no real link between minimum wage raising and unemployment. This becomes evident if you look at the history of minimum wage increases, and the employment levels of the following years."Because of the massive supply of workers and the low demand for unskilled work it drives people to work for a lesser wage to become competitive." ~ProAs companies grow so do their demand for unskilled workers. In the retail industry there is need for retails sails people, cashiers, janitors, etc. In the food industry there is need for waiters, cashiers, cooks (people who put your hamburger together at McDonalds, not chefs), and janitors. In the manufacturing industry there is need for factory workers. In the technology industry, there is need for factory workers, and store workers (ex. apple store employees). As these, and other industries continue to grow, so do demands for unskilled labor. Increasing amounts of people going to college and university also make the supply of these workers smaller."Experience is invaluable. Even at the most basic levels, like following a schedule,money management, paying bills, social relations and leadership skills. Perhaps your wage will be less, but you will gain lifelong experience money can't buy." ~ProBut these skills still do not let these low wage earners get a better job. Most minimum wage recipients did not go to college, and without this further education, many companies would not accept them."( V5;" V0;B2; V5;")( V5;" V0;B2; V5;")( V5;" V0;B2; V5;")( V5;" V0;B2; V5;")"YepOverall, throughout history it is evident that a minimum wage and employment levels do not coincide.Argument I: Welfare SpendingWith no minimum wage, many Americans would be forced to work at decreased wages, lowering their income. A result of this is rising National welfare costs. As the wages decrease, more people would have to become reliant on welfare to support them and their families. These welfare costs would put the nation in more debt. This also has a domino effect, where lowering the wages in one, low earning sector, can also greatly lower wages in another sector. Lets say the minimum wage is taken away, a store is forced to sell their products for less, as a decreasing amount of people are able to afford them. The store has to sell them for less, forcing the farm from which the story bought its product to sell their items for less, so the store still buys from them. Decreased income for the farm means decreased spending power, less people would buy tractors, so tractor manufacturing companies would have to pay their workers less, and they would need to get the metal for cheaper, decreasing the amount of money mining companies sell them metal for. All this would greatly lower wages, and increase welfare dependency. With a decreased income, many Americans would not be able to pay their rent, or buy a house, increasing the homeless population. This would make the government spend more money on government housing. The government would also have to spend more money on Medicaid and other health care programs, as diseases would spread faster as homeless population grows.Argument II: Stock Market and Buy powerNo minimum wage would force many Americans to earn far less. This would greatly hurt the amount of money each low wage earning citizen would have to by different products, and invest in the stock market. This would lead to a significant worsening of the American economy, and stock market. The stock market going down, would make many of investors scared to invest in different companies, and would make a stock market crash, enough to ruin the American economy.Argument III: Tax MoneyWith the decreased minimum wage, many families would bring in less money, bringing in less taxes. Minimum wage being taken away would make the quality of life for many of the United States citizens drastically worse. As a result, many American citizens would leave the US, to a country that has a minimum wage. These people would not pay taxes for the US, as they have changed their citizenship. The number of people leaving the country would greatly decrease the amount of tax money going towards the government.ConclusionThrough increased welfare costs, decreased stock market investments, decreased spending on different products, and less total tax money, it is clear that taking away minimum wage would hurt the American economy. It would create a stock market crash, make many Americans leave the United States, and make many more dependent on welfare. Overall, a no-minimum wage system would be bad economically. Thanks for reading, I await your response, pro.