The vast majority of economists believe the minimum wage law costs the economy thousands of jobs. Teenagers, workers in training, college students, interns, and part-time workers all have their options and opportunities limited by the minimum wage. A low-paying job remains an entry point for those with few marketable skills. Abolishing the minimum wage will allow businesses to achieve greater efficiency and lower prices. When you force American companies to pay a certain wage, you increase the likelihood that those companies will outsource jobs to foreign workers, where labor is much cheaper. Non-profit charitable organizations are hurt by the minimum wage. The minimum wage can drive some small companies out of business. A minimum wage gives businesses an additional incentive to mechanize duties previously held by humans. Cost-of-living differences in various areas of the country make a universal minimum wage difficult to set. Elimination of the minimum wage would mean more citizens and fewer illegals would be hired for low-pay hourly jobs, leading to greater tax revenues and less incentive for illegal immigration. The minimum wage creates a competitive advantage for foreign companies, providing yet another obstacle in the ability of American companies to compete globally. The minimum wage law is just another example of government condescendingly controlling our actions and destroying personal choice. Citizens do have the ability to say no to a lower wage.

Adults who currently work for minimum wage are likely to lose jobs to teenagers who will work for much less. Workers need a minimum amount of income from their work to survive and pay the bills. Businesses have more power to abuse the labor market. It forces businesses to share some of the vast wealth with the people that help produce it.