Wednesday, April 16, 2008
Why Raise Minimum Wage
I hear about both Obama and Hillary planning to raise minimum wage. I don’t believe it’s necessary. I realize (from my eyes), when minimum wage was raised from five dollars to six dollars and something change, prices of goods also went up. So now I wonder. If minimum wage is increased once again, will prices on goods increase as well? I would think so. When and if minimum wage is increased, boss (company owners) will have to spend more money on worker’s checks, this would result towards losing money. One way to prevent in losing money would be to increase the prices on consuming goods.
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2 comments:
I think its the other way around, minimum wages go up because other prices are going up. The high rise in gas prices make prices of all sorts of things sky rocket. Also if you have to drive far to work,you use more gas and since gas prices are more expensive people should get paid more to cover the higher gas prices.
Christopher Rye POS1041 12:20 TCC
i think sometime later in the year it is going to jump to 6.75. the problem is that when minimum wage is raised, everything else is raised. except for other people's (who aren't making min wage) pay
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