Pros of raising the minimum wage. On the negative side, increasing minimum wages too fast could cause a rise in business costs, a rise in unemployment, and higher prices for consumers – problems exacerbated in depressed, low wage sectors and regions. Raising the minimum wage has a number of serious and negative unintended consequences. Minimum wage jobs are not the end. That wage is equivalent to $4.04 in today's purchasing power.Originally, the FLSA covered only about 38 percent of the labor force, mostly in the manufacturing, mining, and transportation industries.1 … Nearly three-quarters of these US-based economists oppose a federal minimum wage of $15.00 per hour. The federal minimum wage originated in the Fair Labor Standards Act (FLSA) signed by President Franklin Roosevelt on June 25, 1938. Free market economists, like M.Friednam feared the … They’re the beginning. Negative Effects of Raising Minimum Wage Teens Will Struggle to Find Summer Jobs. The majority of surveyed economists believe a $15.00 per hour minimum wage will have negative effects on youth employment levels (83%), adult employment levels (52%), and the number of jobs available (76%). Minimum Wage Jobs Are a Stepping Stone. The law established a minimum wage of 25 cents per hour for all employees who produced products shipped in interstate commerce. Employment effects negligible.