Thursday, March 20, 2014

Should Minimum Wage Be Raised?

     We have all heard the arguments about raising minimum wage, some say it will increase layoffs or raise merchandise pricing and others say it will decrease poverty and the income inequality gap. so lets look at some facts about the issue right now.


  1. According to Investors Report Daily 38% of employers would cut staff in response to minimum wage increases. That means more unemployment.
  2. San Francisco raised minimum wage a decade ago and it seems to have worked out well for the state economy.
  3. A raise in minimum wage will coincide with an increase in merchandise cost and in effect canceling out the raise in the first place.
  4. As union membership decreases minimum wage goes along with it.
If minimum wage workers get a raise shouldn't everyone else get an equal raise?

     
     So by these facts and and a little bit of common sense we can determine that raising minimum wage is not the job of congress, but the job of the labor unions and the responsibility ow workers to join these unions if they wish to be represented on an income level.

     People may not want to admit it but we as individuals have value and that value also correspond to supply and demand. We are guaranteed life liberty and the pursuit of happiness. If you are reading this, you are alive. You are free to do do whatever you wish if you are not concerned with legal repercussions. and you may pursue higher income, higher education or whatever makes you happy. these freedoms will make or break you, after-all you were using these freedoms to choose not to do what it takes to be a step ahead of your peers and now you have the freedom to decide what to do next.  


By Kevin Locks

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