Minimum Wage :: Minimum Wage Essays

The Minimum Wage and Why We Should Leave it Alone When was the shoemakers last quantify a "value" meal from McDonald, let alone any former(a) fast food chain, did not live five one dollar bills or much? When was the last time premium gas was under a dollar a gallon? Its hard to remember, isnt it? Wouldnt it be great if everything cost a nickel, like back in the good ol days? According to the laws of economics, its not logical for things to have gotten more expensive competition should drive prices down. hence why have prices continued to rise over the years? The keep demand of more money for less work has forced Uncle surface-to-air missile to raise the stripped wage innumerable times in the last half century, which results in higher prices for the rest of us. Another raise in the minimum wage would, as all the others before it, raise prices for consumers, which would again result in another demand for a raise in the minimum wage. Its a viscous cycle that must be st op before it loses control. Not only does a raise in minimum wage result in a raise in the cost of living, it also causes the dismissal of hardworking populate who are happy with their flowing income. When the firing axe starts to fall, seniority often determines who goes and who stays. The more a undivided employee costs a business an hour, the fewer employees the business can endure to employee an hour. This results in the dismissal of employees to compensate for a raise in drudge costs, which creates a smaller staff, which results in slipshod aid. Although most undercoatable great deal would rather pay more for better service, the plain fact of the function is that the service hasnt really gotten any better. The service is better than it was when there werent nice employees so people assume the service itself has gotten better, while the truth is that the service is just as haphazard as before. The laborers are simply replaced because of a pauperization for more employ ees, more often than not by people who have never worked in those positions before. By having a staff that is incessantly fluctuating, the business hurts itself the service is hurt because the new employees are in need of training, and in the end it is us, the consumers, who incur the real pain The pain we arrive is that of rising costs in the market its that sharp pain we feel every time we reach for our wallet, but it is in no sort as painful as the fact that we give bonuses for no reason in the form of raises in the minimum wage.