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The Minimum Wage and Why we Should Leave It Essay

The

Minimum Wage and Why we Should Leave It

When was the last time a “value” meal from

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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 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.

When the 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.

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The time for action
is now, before we are forced to start this cycle again. .

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The Minimum Wage and Why we Should Leave It Essay
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The Minimum Wage and Why we Should Leave It 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 dow

2019-02-12 07:42:38
The Minimum Wage and Why we Should Leave It Essay
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