Do anything

I would like to note that the rules stated that I was only able to post contentions in Round 2 and no rebuttles, so I wouldn't have been able to refute his argument. I will group his arguments into my 3 contentions concidering that they would best suit fit there. Contention 1: Wage Increase=/= More Jobs. I would like to point out the Likely section of the CBO studies showing that we would loose 1 million jobs as CBO does report that there is a 2/3's chance of such a thing to occur. To add to that Pro's argument only states that 27 million are likely to get a raise, but that is a given with a minimum wage increase. I would like to emphisize the impact that this has on the upper class and buisness owner's. The fact is that these jobs cannot afford such a minimum wage boost. You see that as I have brought up last round that minimum wage jobs are typically teenager jobs working through high school or college. I showed that in Wisconsin, in 2009, when the minimum wage was last raised that the teenagers lost out on these opportunities, because the minimum wage increase harms fast food industries due to the fact that they only make X a week and have to pay their employees Y, but with the minimum wage increase it is now Y+Z meaning that the company is going to have less money to buy goods for their service, so they will have to resort to cutting back on their employees, especially teens, in order to save money. The chart bellow shows the wage increases for just about everyone...except for the upper class. That is because they are having to pay more and more money to their workers and have to do one of two things. Raise the prices of their goods and then fire some of their workers to compensate for profit losses. This was accounted for with the last minimuim wage increase as I showed in my evidence from Wisconsin showing that there is a major increase in unemployment as the minimum wage increases. I extend across my evidence stating how this harms teenage jobs and that the last time there was minimum wage increase there was a 13% increase in teenage unemployment. This is important, because many employers are looking for expierence and if you do not have the expierence then your oppertnity of getting a job goes down and this harms the state of the American economy in the future. People will still be in debt to the government, because as I already stated, many people will lose their job and others will be turned away due to their the harming of buisness plus this places a strain on buisness causing a firing of people and rising the prices solution to make up for their profit loses. Contention 2: Inflation I extend across my exidense stating that increasing the minimum wage will cause the minimum wage to increase by 25%. (http://newsbusters.org...) Though people will have money the people without jobs caused by the infaltion will be at a severe disadvantage as they will fall prey to these prices and will have to wait for a bill similiar to Obamacare to have the government strenuously lower prices, but it will still harm the economy, because of things being priced higher people will be unable to buy many things harming the producers and they won't be able to produce as much leading to closing of buisness or firing of people causing the cycle to continue. The government option is to then raise the minimum wage again devaluing the dollar even more causing an impact on the Global Scale. As we can see from my last graph in Round 2 that as the minimum wages increase then the dollar becomes worth less and less causing inflation. Contention 3: Global Economy. People would have to spend more money, becuase of the inflation and with the devaluing of the dollar we can see that if I spent a dollar on the US maket in the 1960s it would be a whole lot more then if I spent a dollar on the US market today. Economist Gagnon has shown that devaluing of the US dollar caused by the inflation can lead to a massive increase in import prices and since we get many of our things from abroad it will be even harder to get that new XBox video game you were wanting. He also shown that it harms nation's holding our debt, because the value is worthless and makes other nation's not want to purchase from us. The US in turn raises the interest rates, but we cannot afford to raise them any higher. (http://www.ehow.com...) Why's this you may ask? If we observe the graph bellow the US interest rate on debt alone dwarfs most of the US federal budget. The US federal debt is getting so enourmously large that the US is getting to a breaking point in economic trade to were we have to pay off a massive amount of debt or commit financial suicide and raise the interest rates. If we observe the chart bellow we can see the different rates that a our interest rates will cost the US in the future. We have no choice, but cannot decend this slippery slope and further devaluing of the US dollar will harm the American economy by forcing us to lose jobs and rely more on imports causing the the nation to slide into the interest disadvantage furthering harming our nation's economy causing a world wide economic collapse greater than that of the Great Depression and rising the minimum wage will cause us to go flying off the fiscal cliff. (http://danielamerman.com...) So to conclude, by raising the minimum wage, not only do we cause a cycle of inflation, but we will also cause massive unemployment increase, economic downturn, and we will harm more people then we will help.