Editorial Report 12b

In this post, I will be revising content from my rough cut.

Main Body 3 (Rough Cut):

“Unfortunately, there are negatives to a plan like this. America has never attempted to increase the minimum wage by such a large amount, (as the fifteen dollar wage would be doubling the federal minimum). Looking at this from an economic standpoint, the plan is unsound. The biggest issue is that businesses that hire minimum wage workers will be forced to do something. 3 million people having their wages increased by an average of 4 dollars is a steep price for these companies to pay. Another important thing to understand about that 3 million number is that it only counts people who are being paid minimum wage. If an individual is being paid nine dollars an hour, technically they are being paid more than minimum wage. However, when the minimum wage increases, they will be brought up with it. This means that the 3 million number is not entirely accurate. When considering this, we must now know that companies will be raising the wages of anyone in America making less than $15 an hour. When considering this, 42% of Americans will be getting a wage increase." 

Main Body 3 (Revised Version):

“Unfortunately, there are negatives to a plan like this. America has never attempted to increase the minimum wage by such a large amount, (as the fifteen dollar wage would be doubling the federal minimum). Looking at this from an economic standpoint, the plan is unsound. The biggest issue is that businesses that hire minimum wage workers will be forced to do something. 3 million people having their wages increased by an average of 4 dollars is a steep price for these companies to pay. Another important thing to understand about that 3 million number is that it only counts people who are being paid minimum wage. If an individual is being paid nine dollars an hour, technically they are being paid more than minimum wage. However, when the minimum wage increases, they will be brought up with it. This means that the 3 million number is not entirely accurate. When considering this, we must now know that companies will be raising the wages of anyone in America making less than $15 an hour. When considering this, 42% of Americans will be getting a wage increase. (http://fortune.com/2015/04/13/who-makes-15-per-hour/).This can massively affect American companies that higher low wage workers, and not for the better. The current American workforce as of March 2016 is 160 million. 42% of that is almost 70 million people. Assuming the average increase is two dollars, that is 140 million dollars that companies now have to pay. And this is not just companies like McDonalds and Burger King. This is also a large majority of privately owned restaurants and retailers."