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and what of those who live in areas where other jobs aren't available? We have laws for good reason. Enough is not having corporations raking in record profits while we taxpayers subsidize their workers food/medical etc.
Those still have the right to refuse. In my country corporations explore people. And that's why I refused to work for one and I'm self-employed. Is it easy? God NO! I went through a really hard time. People should be free to chose & face conseque
sure we can refuse - and end up homeless, hungry etc. Not everyone can be self-employed, I am, but recognize others don't always have a lot of choices. A living wage isn't asking too much.
As win-winresources mentions, What if a company just can't pay what is asked? If the wage is not good enough ppl just refuse to work! and a company raises or closes. If it's raised by law, a company may have to close and send everyone to unemployemen
companies that can't pay a wage that allows workers to have a basic standard of living don't deserve to be in business. Many of our workers are on public assistance even making above our minimum wage. It's exploitative of the workforce.
well... in that case unemployment would be even worse! If people accept a wage is because its compensating... maybe if the government didn't assist employed people they would just refuse to work for exploiters, and the market would work freely.
you can't just trust the free market to do the right thing, that's why we have regulations in place. Our "free market" worship has caused corporations to never face consequences here. Unfettered capitalism doesn't work.
And I don't trust government. our big government lead us to the 3rd bankruptcy in 40 years, so, I do prefer people to be able to decide by themselves and be strong enough to say no to big corporations. with some regulations, just not to much.
and you just admitted "some regulations" are necessary. A govt should work for its people, ensuring their employers meet their basic needs so taxpayers aren't subsidizing corporations is not overreach.
I'm Awestruck! I thought this question would not get answered but I'm amazed by all the responds by all the hubbers. Everyone has a valid point in this matter.
Tax payers shouldn't subsidize anything except for people in real need... So regulations are needed, yes. But, in my opinion, not for the amount people accept, or not, to receive for their work. If people work for any amount it's 'cause they accept.
Great answer Sara Jofre!
You are right on the button. People with zero understanding of macro and micro economics make broad unsupported statements and claim them as fact. Just because words fall off of someone's tongue does not make them true. Personal responsibility
Well Christin S-
Help me understand exactly where all of the extra money will actually come from to pay higher minimum wages? Increased costs to a business directly cause increases in prices. Prices go up, buyers go down, business fails.
that's a common argument that isn't factual - companies making billions in profit can afford living wages without dramatic increases in price. Australia min wage is $15 a big mac at McDonald's costs only pennies more than here.
Christin, you cannot explain economics between 2 different countries by minimum wage and cheeseburgers. There are way more variables than that. Plus comparing Australia to the US is comparing apples and oranges.
The point still stands - there is minimum space to answer here. My point being a living wage does not mean prices on everything will soar - that is a scare tactic.
The reality is that people adjust the market by demand, not by laws. You should read "Free to Choose" by Milton Friedman and also "Boom and Bust" by Alex Pollock.