Minimum Wage and Why We Should Leave It Alone

fanny you remember a time when it did not court over $5. 00 for a Value meal at any fast food chain, or when gas was under $2. 00? Its hard to remember, isnt it? The reason for the evidence in price of the products you and I purchase on a hebdomadary basis all has to do with the go on raise of token(prenominal) rent. Donald R. Deere says there atomic number 18 two ways to think astir(predicate) the token(prenominal) wage. The offset but misleading is how much workers ar going to get paid. The minute of arc and correct is how much hoi polloi must be able to prepare if they are going to get or keep a job.So the stripped wage, which is sometimes characterized as a hand up, not a handout is n each it is a hurdle that trips up the least skilled. The continuing demand of more currency for less work has forced the unify States to raise the stripped-down wage innumerable times in the proceed century, Which leaves 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 stop before it loses control.Not only does a raise in minimum wage result in a raise in the cost of living, it in any case causes the dismissal of hardworking people who are happy with their underway income. When the firing axe starts to fall, seniority often determines who goes and who stays. The more a mavin employee costs a business an hour, the fewer employees the business can establish to employee an hour. This results in the dismissal of employees to compensate for a raise in aim 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 division is that the service hasnt really gotten any better. The service is better that it was when there werent enough employees so people assume the service itself has gotten better, period 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 that not by people who have n ever so 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 chafe. The bruise we experience 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 way as painful as the fact that we give bonuses for no reason in the form of raises in the minimum wage.The subscriber line that minimum wage should be raised says people need more money to make believe a living in a world of ever rising costs. The truth is that they, the people who demand more money, are the ones superlative 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 for of income either in the for 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 thus 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 arent able to advance themselves in the working world.The most positive matter 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. George Santayana formerly said Those who fail to learn from the mist akes of their predecessors are destined to repeat them. The argument over the minimum wage makes it abhorrently obvious that this statement is true. The time of go through is now, before we are forced to start this cycle again.