Minimum Wage :: Minimum Wage Essays

The Minimum Wage and Why We Should Leave it only When was the last time a "value" meal from McDonald, let whole any other fast food chain, did not cost quintette dollars or more(prenominal)? When was the last time premium gas was at a lower place a dollar a gallon? Its hard to remember, isnt it? Wouldnt it be salient if everything cost a nickel, like back in the good ol geezerhood? According to the laws of economics, its not logical for things to have gotten more expensive competition should drive prices down. Then why have prices continued to rise everyplace the years? The continuing demand of more money for less take a crap has forced Uncle Sam to upgrade the minimum wage innumerable times in the last half century, which results in higher prices for the rest of us. other bawl out in the minimum wage would, as all the others forrader it, frame prices for consumers, which would again result in another demand for a raise in the minimum wage. Its a viscous cycl e 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 be 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 credit line 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 close reasonable people would rather pay more for recrudesce service, the redundant fact of the matter is that the service hasnt really gotten any better. The service is better than it was when there werent enough employees so people assume the service itself has gotten better, trance the truth is that the service is just as haphazard as before. The laborers ar simply replaced because of a need for m ore 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 be in need of training, and in the end it is us, the consumers, who feel the real annoyance The pain we experience is that of rising costs in the market its that cunning pain we feel every time we reach for our wallet, but it is in no way as painful as the fact that we hand bonuses for no reason in the form of raises in the minimum wage.