Minimum Wage, Why it Should be Abolished

The Minimum Wage : Why It Should be Abolished

The most denounced of all issues is that of poverty and inequality . One of the government 's solutions to this problem is having a minimum wage It is observed that the minimum wage cannot reach its goal of eradicating poverty and ironically it worsens the condition in a variety of ways this is the point of contention of the current . The minimum wage is a deficient action to solve society 's problem but its nature and intent has great significance . The minimum wage law is

br questioned as regards its effects on the working poor , if it will do well or if will further aggravate their condition . Thus , the effects and impacts of the minimum wage law would further be examined by the researcher . A discussion of arguments will be presented throughout the br

The employee can look for a company that gives higher wage , but employers too can seek for workers with the same skill but would work for less . This way , they would still have the same profit , same degree of labor , less money to spare . When this is appreciated by an individual , they would think that looking for jobs wouldn 't be as difficult as long as they know the skills needed for a job . A minimum wage should be set in relation to the wages in the free market so as not to cause a sense of inequity or resentment among employees . Having a minimum wage may cause unemployment if it is not planned out properly (Bartlett 45-48

Non-compliance to the minimum wage may cause a crisis in the employment sector . It may be considered an employer 's achievement to pay their employees in relation to their output with regards to service . Another crisis facing minimum wage , from the point of view of the low-salary group , is that it discourages employers to hire unskilled workers . For example , if an employer would employ a worker , he /she would rather employ an individual who is highly qualified for the job compared to the unskilled worker who may work for a lesser wage

Before further understanding the issues concerning minimum wage , its range of functions should be better appreciated . Basically , the minimum wage is an anti-poverty tool it brings the families of the low-profit group nearer to starvation . It does so by increasing the lowest wages that was given formerly , giving the workers more money to spend and more chances of having a comfortable living

Therefore , by implementing the minimum wage law , it brings the elite classes and the poor class closer , minimizing the gap between them . In accordance to the Department of Labor , millions of workers are at this time employed at minimum wage , and therefore any increase in that wage would directly benefit them . An increase of only 25 cents would add about 2 billion yearly to workers ' wages all over the country , as it did in 1981 (Sharp 181 . Upon seeing such raw numbers , it looks like the...