No Need For Minimum Wage
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No Need For Minimum Wage

Across the country fast food workers are still clamoring for the ridiculous $15 an hour minimum wage as opposed to the $7.25 an hour that is the current federal law. Even ignoring the fact that these protests and clamorings are paid for by large corporations who make it their job to create meaningless movements, let's consider for a moment what a $15/hour minimum means. What most people who are on the side of raising the minimum wage or even having a minimum wage at all don't know is that the minimum wage actually hurts the very people it is meant to help.

The fact is, that by creating a minimum wage you only make it harder for people to get hired. Company owners take major risks in hiring unproven people (the kind of people who have to work for low wages). They have to consider that if they hire someone, they must produce income for the companies that not only matches their wage, but is higher in order to pay for overhead and business costs. This is something that I urge everyone to take into consideration. Think about your own job and salary, and try and calculate how much profits you are producing for the company. Subtracting of course the amount of resources you utilize on the companies dime inorder to get that job done. You'll probably find this very difficult but if you manage to come up with an accurate number, you may be surprised.

Now imagine the same calculations of a fast-food or minimum wage worker. (If this is you, this shouldn't be too hard.) If you're not producing $7.25 per hour worth of product, minus overhead and minus shared production, (ie. If you are a cook, you have to consider the wages and resources of the cashier to management too.) then you are simply not worth that price. For the most part, people do produce more than they're wage, and there is a reason for this. Everytime the minimum wage is raised, two things must happen. Prices must rise on the product to make up for lost revenue in creating extra costs for the wage, and/or some of the people who produce less must be fired in order to balance costs. And with this we run into another major problem.

For those low producers, they get thrown out of the system. Now, business owners can't be satisfied with people who produce $7.50 an hour, they must seek out the better workers who can produce $15 worth of product every hour. This removes the less skilled from the pool and raises the standard, thus hurting those people the minimum wage laws are meant for. (As I said in the beginning.)

This is a topic that can be covered from many different angles and this article only represents one opinion. I always like to hear more so feel free to leave a comment and make sure to look to AnCapUs for more.


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