http://www.detroitnews.com...

http://www.detroitnews.com/story/news/local/michigan/2017/09/07/group-plans-minimum-wage/105368132/ Above is an article that outlines a ballot proposal to raise minimum wage from $8.90/hr to $12/hr by the year 2022. In Detroit, groups are organizing a petition to support this proposal citing "fair pay for hard work" as their primary motive. While I do recognize that the people proposing to raise the minimum wage are acting to improve the living standards of lower class individuals, i've always felt raising the minimum wage is not the only answer. We live in a free market economy that's dominated by small, family owned businesses. With this in mind, I feel like basic economic laws will prohibit any true impact that is to be obtained by raising the minimum wage. This is because as employers have to pay individual employees more, they will just choose to employ less individuals with the intent of keeping profit margins the same. With this in mind, is it reasonable to assume that, in order to make this policy effective, we would also have to propose policy that would prohibit employers from lowering the amount of people they employ as minimum wage is raised? If so, then how could we justify such a policy? This, in my mind, would be a violation of the principals that our economy was built. Tampering with the laws of supply and demand seem to be too daunting for any policy at the state level to accomplish anything in my opinion. Personally, I believe policy should be centered around taking employees that are currently working for minimum wage and giving them the resources (like education) in order to let these individuals acquire skills to obtain higher paying jobs. I'm curious to hear your opinions on the potential negative side effects that could come from raising the minimum wage.
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