debate points to argue for abolishing minimum wage.
2007-01-10 13:06:26 · 9 answers · asked by kp000000 1 in Politics & Government ➔ Other - Politics & Government
The minimum wage manipulates the economy. Some jobs do not do the work deserving that amount of money; because employers have to pay a certain amount to employees, they must charge more from their customers, thus creating inflation. When inflation occurs, some people think minimum wage needs raised, and the cycle continues.
2007-01-10 13:12:35 · answer #1 · answered by Adriana 4 · 0⤊ 0⤋
But if you abolish minimum wage the lower class of people wont be able to find a job if they lack an education. And for some Teenagers jobs are the first step to independence and what better way to start then with a minimum wage job that requires little education and strictly time.
2007-01-10 13:15:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The minimum wage is just a platform for the unions to scale wages on. The fact that so many people out there are completely clueless when it comes to how market forces work really concerns me. They hear the "feel good" rhetoric from the demagogue party and think they are getting something for free. What little money they will get they will just go spend it on lottery tickets anyway.
2007-01-10 13:24:04 · answer #3 · answered by Bad Samaritan 4 · 0⤊ 0⤋
An increase in minimum wage will lead to higher pay so businesses will decrease the number of workers to compensate their loses in profit. Thus, unemployment occurs. In addition, businesses around the area may increase the prices in goods and services so those without minimum wage are hurt. For example, if his/her wage stays constant (say $25/hr), they do not benefit from the rise of wages. Also, minimum wage may perpetuate even more demand for wage increase in the future. Products will cost more and serving sizes of foods decrease. As a result, people may want higher pay to compensate goods and services that are now more costly than before.
2015-08-28 18:49:54 · answer #4 · answered by Mel 1 · 1⤊ 0⤋
It could make unemployment compensation more in-line with the last job you worked. Is it fair for an executive that made 100K at his last job to get minimum wage while he seeks a new, similar position?
2007-01-10 13:16:38 · answer #5 · answered by sethsdadiam 5 · 0⤊ 0⤋
yeah we could get rid of a minimum wage or lower it to like $1.50 an hour. good luck trying to find people to work for that.
2007-01-10 13:14:28 · answer #6 · answered by NoDoubt 1 · 0⤊ 0⤋
"Making exertions so airborne dirt and dust affordable that all and sundry on welfare gets bumped off of the rolls, so as that funds can bypass to the prosperous? enable the exploitation of socially vulnerable human beings for a speedy dollar?" there is your answer. that's a similar reason they help repealing the new child exertions rules. why ought to a 12 year previous ought to concern approximately schoolwork whilst they are in a position to serve a effective function in society like working sixteen hour shifts in a coal mine?
2016-10-06 23:29:42 · answer #7 · answered by lininger 4 · 0⤊ 0⤋
Raising the minimum wage causes employers to raise prices or eliminate jobs, so it hurst everyone.
http://en.wikipedia.org/wiki/Minimum_Wage
2007-01-12 02:35:41 · answer #8 · answered by Anonymous · 0⤊ 0⤋
free market should determine what a job, and a particular person is worth to do that job.
2007-01-10 13:39:08 · answer #9 · answered by Anonymous · 1⤊ 0⤋