Over the next few years, the minimum wage will be steadily increasing to 15.00 an hour. Pretty great for the job market, right? It would be if there wasn't repercussions for this increase in wage. Read this article about the idea of raising on minimum wage and my point of view on this recent move. It's not a rant, it's a point of view being expressed. 

1. The Minimum Wage is Rising to $15.00 an hour!
accordingtodarine.com /2016/04/04/the-minimum-wage-is-rising-to-15-00-an-hour/
(This is not a rant. These are just the thoughts that ran through my head as I saw this on
the news today as well as when I first heard about this new minimum wage. I just want
to share with you all.)
You know, a couple of years ago I would of looked at this idea of raising the minimum
wage to 15.00 an hour as an awesome move! I mean, why wait this long to put on an
idea to raise the minimum wage to almost 20.00?? Why couldn’t this happen like when I
got out of college?! I would of been making that money and putting in those hours! Not
to say I am not doing that now, but still. I still find benefits to this new minimum wage
that’s to come, but I do have my worries concerning that. To sum up my one concern, I
will refer to a saying that I have learned over the years is far from the truth but can be
true. It’s all part of your mindset towards your finances, but back to the saying:
“More money, more problems.”
Once again, I am not a believer of that saying nowadays. If you believe that more money
will only bring more problems, it will happen. More money will avoid you because you
believe more money is a misfortune, not a chance of abundance. The fact that I believed
that is the reason I was where I was. I made more money over the years and more bills
started coming out of nowhere. I learned about mindset and now, I am at peace and opening up possibilities for
more abundance in my life!
Back to my concern, my concern mostly has to do with observation and stating the obvious based on history. What I
am concerned about is with the raise of 15.00 on the front end, something else will increase on the back end as well
as decrease.
Let me put a situation in play:
You are working at McDonalds as a cashier, making 15.00 an hour. You work full-time, which means you make 40
hours a week. You get paid weekly.
How much money are you going to make a week without taxes? about 600.00 a week.
You are making $600.00 a week!! That’s $2,400 a month and $28,800 a year! You are making close to $30,000 a
year working at McDonalds. You’re making what an assistant manager, maybe a manager, are making doing less
work.
Sounds great, right?
Here’s where the concern lies. There are two concepts I want to address with that scenario.
First, the increase on the back end. With the raise of the minimum wage,
the taxes taken out will also increase. Uncle Sam has to get paid to. Have you not realized that the more money you
make, the more money the government will take out? The more money you make, the more taxes they take. It’s a
real shame because it forces us to want to work less just to keep more of our money, but that wouldn’t work either
because yeah sure, the government takes less from your check but how much did you make on that check overall?
Are you able to do all that you want to do with that lowered check? What is all worth it?
1/2

2. Second, the decrease on the front end. I’m going straight to the point here. You better believe with people working
anywhere for a minimum of $15.00 an hour,
there will be a decrease in hours. There will be a change in what will be considered full-time because you think you
can finally work in food service or retail and make about $500 a week in an entry level position? Of course not. They
raise the wage and it sounds all good, but not everything is going to be good. When it comes to matters of the job
market, you have to be a realist because if you are not aware, you can easily be disillusioned.
When one thing changes, everything around it changes. You can’t have one thing change and expect everything to
stay the same.
Remember that.
I challenge you to stay knowledgeable on the world you live in because it is always rapidly changing before your
eyes. I challenge you to be a leader of your life because no one else is going to take care of you better than you. I
challenge you to change your life before life changes on you.
take care.
2/2