When was the last time a “value” meal from McDonald, let alone any other
fast food chain, did not cost five dollars or more? When was the last time
premium gas was under a dollar a gallon? It’s hard to remember, isn’t it?
Wouldn’t it be great if everything cost a nickel, like back in the good ol’
days? According to the laws of economics, it’s not logical for things to
have gotten more expensive competition should drive prices down. Then why
have prices continued to rise over the years? The continuing demand of more
money for less work has forced Uncle Sam to raise the Minimum Wage Essay
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. It’s a viscous cycle that
must be stopped 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 people who are happy with their current income.
firing axe starts to fall, seniority often determines who goes and who
stays. The more a single employee costs a business an hour, the fewer
employees the business can afford to employee an hour. This results in the
dismissal of employees to compensate for a raise in labor costs, which
creates a smaller staff, which results in slipshod service. Although most
reasonable people would rather pay more for better service, the plain fact
of the matter is that the service hasn’t really gotten any better. The
service is better than it was when there weren’t enough 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 need for more employees, more often than not by people who
have never worked in those positions before.
By having a staff that is
constantly 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 feel the real pain The pain we experience is that of
rising costs in the market it’s that sharp pain we feel every time we reach
for our wallet, but it is in no way as painful as the fact that we give
bonuses for no reason in the form of raises in the minimum wage. The
argument that minimum wage should be raised says people need more money to
make a living in a world of ever rising costs. The truth is that they, the
people who demand more money, are the ones raising the cost of living. Some
would say that the high cost of living is brought about by the devaluation
of the dollar and the effects of inflation. Truth be told, inflation is
also caused by the flooding of the market with bills printed to pay the
high costs of laborers in the market. Laborers who are comprised primarily
of teens and the elderly, both of which usually have an alternate form of
income either in the form of parents or social security.
I offer an alternative to the minimum wage. If people would respect their
money and understand the value of the dollar then they would have to learn
skills that would promote them in the job market. The minimum wage could be
kept for the handicapped and the disabled, people who for the most part
aren’t able to advance themselves in the working world. The most positive
thing about the current minimum wage is that it is substantial enough to
make teens respect their money, but also low enough to force them to save.
It’s been said that if we do not know our history, we will be doomed to
repeat it. The argument over the minimum wage makes it abhorrently obvious
that this statement is true.
The time for action is now, before we are
forced to start this cycle again. .