-RESPOND TO MY PEER DISCUSSION POST W/C 150-220? Emani Johnson, The impact from the increase of?Minium?wag
-RESPOND TO MY PEER DISCUSSION POST W/C 150-220
Emani Johnson,
The impact from the increase of Minium wage will be incredibly SIGNIFICANT It will be great for employees but not so great for the employers and the business itself. It would be a promising idea for some workers because they may have had some prior experience at another job, but it is unfair for other to start off making over Minium wage if it is their first job.
If this did indeed happen, a lot of business would be hurt. They simply cannot just afford it. The prices of everything in the business would go up. That is not good for the business nor the employee because their hours would be cut short.
In conclusion, I do not think Minium wage should be increased. It is too many NEGATIVE aspects to this issue. Employes hours may be cut, business may fail, and prices would be sky high. If someone does not like their pay, they should switch to another job or try to get a raise. This even relates to college. No one would want to get in a career if they can make easy money doing fast food or serving. I have a lot of respect for the food industry because I am in it, but I know not all good things come from higher pay.
References
John Stossel – Real World Effects Of Minimum Wage
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