We should raise the minmum wage

C1: Will raise teenage unemployment source: http://www.house.gov...I would like to note the lower minimum wage actually brought unemployment down, and the raise rose unemployment. "Two years ago Mr. Neumark and William Wascher, a Federal Reserve economist, reviewed more than 100 academic studies on the impact of the minimum wage. They found "overwhelming" evidence that the least skilled and the young suffer a loss of employment when the minimum wage is increased." [2] And guess what? the least skilled are teenagers. The study shows 1 70 cent increase --------> 300,000 jobs lost. C2: Raises Overall unemployment"Economists have studied the job-destroying features of a higher minimum wage. Estimates of the job losses of raising the minimum wage from $4.25 to $5.15 have ranged from 625,000 to 1,000,000 lost jobs. It is important to recognize that the jobs lost are mainly entry-level jobs. By destroying entry-level jobs, a higher minimum wage harms the lifetime earnings prospects of low-skilled workers. " [1] Out of the many studies proving the minimum wage raise hurts the economy, only 1 said it was good, another study tried to duplucate the results with no conclusion near the same. The study was debunked. [3] "With all of this recessions significant labor market problems, and the expensive federal efforts to offset them, its too bad that the minimum-wage law added so many people to the list of those who today cannot find jobs." [4] This makes logical sense, let me prove this:Let's say pe hour I am worth about 7$. If you rose the minimum wage to 7.25 or 9$ then I am out of a job. Hiring me would be charity. Most employers are not able to afford this, so basically it disqualifies me from a job. C3: Mininium wages increase teenage dropoutsA raise in the minimum wage not only raises unemployment, but forces highschoolropouts. [5] This study actually proves any increasein the minimum wage increases highschool dropouts. [6] Now what is the reason? Money. The igher wages influence them to drop out of school, the their eyes have $ signs in them. Now, this doesn't gerentee they find jobs. Actually, most of them never find minimum wage jobs when they drop out. [1, 6] This means we have less education, and well frankly a worse country. C4: The minimum wage will raise prices"The federal increase from $4.25 to $5.15 costs California families an average of $133 more per year for the goods they normally purchase. Since higher-income families spend more, they would pay more in absolute terms than lower-income families: up to $234 per year compared to $84 per year." [7] This makes sense. If you raise the cost of labor it costs more to actually make the product, the the employer must actually charge more to make the same profit. As the minimum wage increases, not only do companies fire employees, they also raise prices to help the budget. And in the end, this will make it harderfor people, especially poor people, to buynecessary things. That in turn reduces GDP growth because there is less buying, and know, this will plungeus into another recession. [8]Oh btw the reason I did not quote the last part of the paragraoh from 8 is because he plagarised me first. SO thats my former words from an old debate, so as ts mine origionally I did not quote it. Conclusion:My opponent will falsely use the "general welfare clause" Its funny as unemployment =/= general welfare, a 5$ wage is better than no wage. My opponent really then is saying more dropouts, higher prices, and higher unemployment is general welfare, so if he uses this argument it is basically False. Minimum wage hikes lead to more unemployment and higher prices which is bad for the economy. Also as kids drop out we have a less edcated country. VOTE CON, VOTE ECONOMY!sources:http://www.house.gov... [1]http://online.wsj.com... [2]David and William Wascher, The Effect of New Jersey's Minimum Wage Increase on Fast-food Employment: A Re-evaluation using Payroll Records. National Bureau of Economic Research: Cambridge, MA, 1995. [3]http://economix.blogs.nytimes.com... [4]http://www.nationalcenter.org... [5]Neumark, David and William Wascher, The Effects of Minimum Wages on Teenage Employment and Enrollment: Evidence from Matched CPS Surveys. National Bureau for Economic Research: Cambridge, MA, 1995. [6]"Increasing the Minimum Wage" P u b l i c P o l i c y Institute of C a l i f o r n i a, may 2000. [7] PDF http://www.debate.org... [8]