A minimum wage allows workers to have the basic right of labor, and adjusting it every year according to inflation could prevent the loss of jobs.
@9FDCMG88mos8MO
increasing minimum wage increases business expenses therefore increasing prices on services and products thus cancelling the increased pay by increasing cost of living
Workers should have basic right of labor, but adujusting the minium wage every year can be very unstable to the workers.
While it's understood that annual adjustments could introduce a degree of unpredictability, it's also important to consider the historical context. For instance, in Australia, wage adjustments are made annually based on inflation and other economic factors. This has not led to instability, but rather it has helped maintain a decent living standard for low-wage workers. Moreover, tying minimum wage to inflation has been an effective tool against poverty in countries like France. What could be a counter-solution to balance the need for a fair wage and the perceived instability annual adjustments might bring?
@9FCCTMPWomen’s Equality8mos8MO
The issue of raising the minimum wage lies in the concept of the circular flow. Yes, we can increase the minimum wage, however, this would be detrimental to small businesses and allow large corporations to take a larger piece of the industry. Large corporations such as Target are for raising the minimum wage, not because they are a loving and caring retail giant, but because it allows them to compete better against their competition, and push other businesses that can't afford to pay their employees raised minimum wage out of the industry. When these corporations need to lay off employee… Read more
@9FBPT998mos8MO
Minimum wage is the starting job/inflation rises along with this wage and should not be allowed to rise.
@9FCRN8ZIndependent8mos8MO
A minimum wage, especially one adjusted for inflation, can have unintended consequences for small businesses and job growth. When it increases annually with inflation, it may leave employers with higher labor costs, causing smaller business to struggle to stay alive. This can lead to cutting jobs and reducing hours to offset the increased costs, which harms workers job security.
@9FBN42P 8mos8MO
Minimum wage is supposed to be the lowest bar on an individuals climb to self-reliance, if a company is refusing to pay a living wage for a full time job no one should work there and through not having labor that company should go out of business based on the principles of the free market.
@9FBM8F88mos8MO
Minimum wage jobs are meant to be a stepping stone into a career. They are not meant to support a family as other jobs are, they are designed to gain work experience, social experience, and to help young adults figure out what they want to do for a career, as well as providing money to support them however they need. Adjusting minimum wage every year due to inflation would cause many different prices to go up, as well as run businesses into the ground. If minimum wage continues to rise, while more people would get jobs, the companies they are working for would slowly tank because of the wages they are paying their workers.
@9FBPLP58mos8MO
I do not believe that the minimum wage should be adjusted every year. I believe this because an increase in minimum wage can directly correspond to rising inflation levels.
@9FBT9TP8mos8MO
By increasing minimum wage companies are just going to raise prices of items in order to counter the extra wage pay. You pay more to get payed more.
@9FFJC5W8mos8MO
The minimum wage raises the amount of inflation in the country, counteracting everything it was originally trying to do in the first place.
@9FDHB3H8mos8MO
Minimum wage doesn’t matter if they higher the price on how much people pay you because if they do then they also have to higher the price of all things
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