The latest topic that has impacted recent changes in the federal minimum wage on a low-wage labor market is the fast food industry. Some fast food employees have argued to have their minimum wage increased to $15. Currently, the Federal minimum wage is between $7.25 to $15 an hour for all workers (Pollin, & Wicks-Lim, 2016). Congress, they have refused to increase American’s wages; some franchises are relying on their revenue to increase employee’s wages which are not always profitable. Supporters have indicated that raising minimum wage would resolve the economic and social problems we have today. Labor activist is fighting to raise wages to $15 an hour which brought a nationwide strike from all fast-food workers stating it is hard to survive
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By abolishing minimum wage, the government can replace it with an income basic policy. An income basic policy that allows an employee to discuss the pay amount for a position with an employer. Basic income has started to attract attention of politicians, like Bernie Sanders, and policy makers around the country along with several articles like the “New York Times”. It is a policy that is considered to have “no strings attached” option that reduces the income inequality, poverty, unemployment, balance the labor markets and start bringing meaning to workers lives and addresses the economic and political feasibility (Dimick, …show more content…
Business owners should know the balance within their organization between your labor and other expenses and consider non-wage benefits or training options. This will allow them to know and understand where they can have some flexibility to for an increase for the individuals who qualify for better pay. By allowing businesses to determine the type of pay allowed for a position along with providing the skills needed to employees to guide them in the right direction. Minimum wage will continue to be an issue until we as a nation can come to the understand the needs of employees and find a middle ground that would offer more opportunities than increase the dollar
By abolishing minimum wage, the government can replace it with an income basic policy. An income basic policy that allows an employee to discuss the pay amount for a position with an employer. Basic income has started to attract attention of politicians, like Bernie Sanders, and policy makers around the country along with several articles like the “New York Times”. It is a policy that is considered to have “no strings attached” option that reduces the income inequality, poverty, unemployment, balance the labor markets and start bringing meaning to workers lives and addresses the economic and political feasibility (Dimick, …show more content…
Business owners should know the balance within their organization between your labor and other expenses and consider non-wage benefits or training options. This will allow them to know and understand where they can have some flexibility to for an increase for the individuals who qualify for better pay. By allowing businesses to determine the type of pay allowed for a position along with providing the skills needed to employees to guide them in the right direction. Minimum wage will continue to be an issue until we as a nation can come to the understand the needs of employees and find a middle ground that would offer more opportunities than increase the dollar