During the 2012 Presidential elections, when discussing raising the minimum wage, President Barack Obama was quoted as saying, “I’m going to keep offering my support to every business owner… and organization that’s working to give America a raise” (Obama, 2014 paragraph 16). While this seems fantastic since everyone wants more money, raising the minimum wage will not benefit us in the long run. This idea sounds great in concept, but would not function properly when put into action. It promotes receiving a good deal of income for either an entry-level or low skill-level job. In a capitalist society, where supply and demand determine wages, making a higher minimum wage will lead to fewer workers. I don’t believe that entry-level jobs
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They are barely able to pay the bills and afford groceries, and therefore should receive extra pay. This concept sounds fair and reasonable, but once this idea is put into place nationwide the future needs to be considered. If the minimum wage is increased, then those working at a lower level of pay will have a better economic situation, but this will hurt higher up workers. If a minimum wage worker is making the same as an employee who has been working there for multiple years, it comes off as unfair and could lead to that worker quitting or demanding a …show more content…
With a raised minimum wage, businesses will look towards alternatives for expensive workers. McDonald’s has recently started using Kiosk’s at a few of their locations and seems to be replacing workers altogether. This was disputed by a McDonald’s spokeswoman, Lisa McComb, who said that it is just another way of ordering, and not the only way. What needs to be considered is the cost of technology. Minimum wage is cheaper than automation for a period of time, but if minimum wage exceeds its devices, it will replace humans. It is also worth noting is that prices of electronics decrease over time.
They are barely able to pay the bills and afford groceries, and therefore should receive extra pay. This concept sounds fair and reasonable, but once this idea is put into place nationwide the future needs to be considered. If the minimum wage is increased, then those working at a lower level of pay will have a better economic situation, but this will hurt higher up workers. If a minimum wage worker is making the same as an employee who has been working there for multiple years, it comes off as unfair and could lead to that worker quitting or demanding a …show more content…
With a raised minimum wage, businesses will look towards alternatives for expensive workers. McDonald’s has recently started using Kiosk’s at a few of their locations and seems to be replacing workers altogether. This was disputed by a McDonald’s spokeswoman, Lisa McComb, who said that it is just another way of ordering, and not the only way. What needs to be considered is the cost of technology. Minimum wage is cheaper than automation for a period of time, but if minimum wage exceeds its devices, it will replace humans. It is also worth noting is that prices of electronics decrease over time.