On July 18, 2019, the House of Representatives finally passed a bill to raise the minimum wage for Americans. The bill calls for a gradual increase in the U.S. minimum wage to $15 by 2025 and will phase out the tipped minimum wage paid to workers. The bill is expected to lift one million Americans out of poverty. Sounds good, right? But what I want to say is that this law doesn't help us much, in fact it could even put us in a worse situation. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay But if the minimum wage is increased, the cost of labor will also increase. To compensate for the increase in costs, they reduce the number of employees or increase the price of goods. If we cut jobs or reduce the number of employees, the employment rate will decrease and the unemployment rate will increase. In fact, in recent decades, many studies have also confirmed that increasing the minimum wage reduces the job opportunities of teenagers and other low-skilled workers. For teenagers, middle school dropouts, immigrants, and other low-skilled workers, hourly wages are usually below this level. They find work in small shops, especially fast food chains and other retail outlets. If the minimum wage were increased, some people would lose their jobs, because employers would think that their productivity is not high and that it is not worth spending so much money to hire them. Furthermore, coupled with the dual pressures of declining loans and income, American farmers will rush into the job market, which will make already scarce job opportunities more strained. As we all know, the current global economic situation is not very optimistic, and the US economy growth is slowing down. At this time, large companies will reduce the number of recruiters or layoffs. According to the data, the number of jobs in the United States in June amounted to 102,000, almost 40,000 fewer than the 140,000 expected. Additionally, in the first half of this year, American businesses cut 331,000 jobs, an increase of 35%. The House of Representatives has called for a $15 minimum wage increase, which could lift more than a million people out of poverty, but the CBO also warned that raising the minimum wage could put between one and three million people without work. If the minimum wage is increased, the data could reach a higher level. Ricky and other officials often point to another study by Princeton University economists David Card and Alan B. Krueger to support the argument that raising the minimum wage does not reduce employment. According to Calder and Kruger, employment in New Jersey, which raised the minimum wage in 1992, and Pennsylvania, which did not raise the minimum wage, fell by the same amount. Therefore, there must be another reason for the decrease in employment in the two states, which has nothing to do with the adjustment of the minimum wage. Some people think there are serious flaws in these studies, and I agree with them. Professor Donald R. Deere and Professor Finis R. Welch of Texas A & M University, as well as Professor Kevin Murphy of the University of Chicago, etc. they pointed out in their research reports presented at the January meeting of the American Economic Society that these studies themselves had made serious errors. For example, after increases in the federal minimum wage in 1990 and 1991, employment of.