A minimum wage allows workers to have the basic right of labor, and adjusting it every year according to inflation could prevent the loss of jobs.
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12 Replies
@9FDCMG83yrs3Y
Workers should have basic right of labor, but adujusting the minium wage every year can be very unstable to the workers.
While it's understood that annual adjustments could introduce a degree of unpredictability, it's also important to consider the historical context. For instance, in Australia, wage adjustments are made annually based on inflation and other economic factors. This has not led to instability, but rather it has helped maintain a decent living standard for low-wage workers. Moreover, tying minimum wage to inflation has been an effective tool against poverty in countries like France. What could be a counter-solution to balance the need for a fair wage and the perceived instability annual adjustments might bring?
@9FBPT993yrs3Y
@9FCRN8ZIndependent3yrs3Y
A minimum wage, especially one adjusted for inflation, can have unintended consequences for small businesses and job growth. When it increases annually with inflation, it may leave employers with higher labor costs, causing smaller business to struggle to stay alive. This can lead to cutting jobs and reducing hours to offset the increased costs, which harms workers job security.
@9FCCTMPWomen’s Equality3yrs3Y
The issue of raising the minimum wage lies in the concept of the circular flow. Yes, we can increase the minimum wage, however, this would be detrimental to small businesses and allow large corporations to take a larger piece of the industry. Large corporations such as Target are for raising the minimum wage, not because they are a loving and caring retail giant, but because it allows them to compete better against their competition, and push other businesses that can't afford to pay their employees raised minimum wage out of the industry. When these corporations need to lay off employee… Read more
@9FBN42P 3yrs3Y
@9FBM8F83yrs3Y
Minimum wage jobs are meant to be a stepping stone into a career. They are not meant to support a family as other jobs are, they are designed to gain work experience, social experience, and to help young adults figure out what they want to do for a career, as well as providing money to support them however they need. Adjusting minimum wage every year due to inflation would cause many different prices to go up, as well as run businesses into the ground. If minimum wage continues to rise, while more people would get jobs, the companies they are working for would slowly tank because of the wages they are paying their workers.
@9FBPLP53yrs3Y
@9FBT9TP3yrs3Y
@9FFJC5W3yrs3Y
@9FDHB3H3yrs3Y
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