Do You Think About The Minimum Wage Should Be Increased or Decreased?

Jump to Last Post 1-12 of 12 discussions (31 posts)
  1. Venus Rivera profile image74
    Venus Riveraposted 3 years ago

    Do You Think About The Minimum Wage Should Be Increased or Decreased?

    https://usercontent2.hubstatic.com/12069893_f260.jpg

  2. ChristinS profile image95
    ChristinSposted 3 years ago

    It needs to be increased and adjusted to keep up with inflation.  Companies need to provide a living wage to their employees and stop expecting govt assistance to fill in the gaps.  People who work should not have to be on public assistance to feed their families and meet their basic needs.

    1. profile image69
      win-winresourcesposted 3 years agoin reply to this

      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.

    2. ChristinS profile image95
      ChristinSposted 3 years agoin reply to this

      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.

    3. profile image0
      TheBizWhizposted 3 years agoin reply to this

      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.

    4. ChristinS profile image95
      ChristinSposted 3 years agoin reply to this

      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.

    5. profile image0
      TheBizWhizposted 3 years agoin reply to this

      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.

  3. profile image69
    win-winresourcesposted 3 years ago

    The wages that restaurants and other businesses pay their workers is simply part of their overhead.  Just like the cost of goods, rent, taxes, utilities, and insurance, payroll control  is a key factor in the survival and profitability of a business.

    Randomly raising worker's pay is a surefire way to drive the business under.  Then, NO ONE gets paid at all.

    Business owners take significant risks in staring a new business.  They incur substantial costs and huge drains on time and energy.  Should their business fail (for  whatever reasons)  they lose it all.  Their workers simply go find new jobs (and inconvenience for sure, but no loss of invested capital).

    A business is not a golden goose that produces unlimited golden eggs.  Under a well controlled and well managed environment a business can survive and pay its bills along with a reasonable profit margin to the owner who took all of the risk.

    Just ask the American Auto industry what happened when labor costs ran amok.  Bankruptcies, bailouts and outright failures.  Then everybody's out of work.

    Lastly, minimum wage was never intended to be a living wage for a head of household/family.  It was for new/young workers just starting out.

  4. Sara Jofre profile image76
    Sara Jofreposted 3 years ago

    Minimum wage shouldn't be determined by law. Of course everybody should earn enough, but what is enough? who determines what enough is? Aren't we all grown up knowing what wage to accept, or not, when we apply for a job? Why should governments decide what companies can pay? If a company offers a bad wage the employer has the right and the capacity to reject it, doesn't he? and he should do it! No one should accept to work on for an insufficient income. It shouldn't be the government job to determine what is, or not, sufficient.

    1. ChristinS profile image95
      ChristinSposted 3 years agoin reply to this

      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.

    2. Sara Jofre profile image76
      Sara Jofreposted 3 years agoin reply to this

      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

    3. ChristinS profile image95
      ChristinSposted 3 years agoin reply to this

      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.

    4. Sara Jofre profile image76
      Sara Jofreposted 3 years agoin reply to this

      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

    5. ChristinS profile image95
      ChristinSposted 3 years agoin reply to this

      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.

    6. Sara Jofre profile image76
      Sara Jofreposted 3 years agoin reply to this

      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.

    7. ChristinS profile image95
      ChristinSposted 3 years agoin reply to this

      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.

    8. Sara Jofre profile image76
      Sara Jofreposted 3 years agoin reply to this

      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.

    9. ChristinS profile image95
      ChristinSposted 3 years agoin reply to this

      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.

    10. Venus Rivera profile image74
      Venus Riveraposted 3 years agoin reply to this

      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.

    11. Sara Jofre profile image76
      Sara Jofreposted 3 years agoin reply to this

      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.

    12. profile image0
      TheBizWhizposted 3 years agoin reply to this

      Great answer Sara Jofre!

    13. profile image69
      win-winresourcesposted 3 years agoin reply to this

      Sara-
      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

  5. Arachnea profile image77
    Arachneaposted 3 years ago

    Definitely increased. I don't work for a minimum wage and it's difficult enough to get by even without more than a few amenities . For individuals on a minimum wage who have to support themselves, it's hard enough. Think what it would be like for those with families to support on the same income or not much more.

  6. Zelkiiro profile image94
    Zelkiiroposted 3 years ago

    It needs to be increased big-time. Counting for inflation, wages have not gone up at all since the 70s, yet the relative cost of goods has increased quite drastically.

    There is only one group of people that has seen any wage increase in the past 40 years, and it's (you guessed it) the upper 5%. Whoo-hoo.

    1. ChristinS profile image95
      ChristinSposted 3 years agoin reply to this

      exactly!

  7. dashingscorpio profile image87
    dashingscorpioposted 3 years ago

    Yes, it needs to be increased.
    Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.56 (in 2012 dollars). Since it was last raised in 2009, to the current $7.25/hour, the federal minimum has lost about 5.8% of its purchasing power to inflation.
    Some people argue that raising it will hurt the economy. And yet there was no minimum wage when we had the "Great Depression".
    Obamacare was supposed to kill jobs and wreck the stock market. Job creation has increased monthly and the stock market is at all time highs. Fear of a bad economy has always been part of the argument for not helping to create a floor for those at the bottom.
    Adjusting the minimum wage for inflation makes sense.

  8. Kate Mc Bride profile image87
    Kate Mc Brideposted 3 years ago

    As a staunch trade unionist I  say increased of course. In the health service here in Ireland we have had a lot of wage cuts-the basic trade union philosophy of maintaining custom and practice has not been maintained unfortunately

  9. LoisRyan13903 profile image81
    LoisRyan13903posted 3 years ago

    Increased since the costs of living are constantly increasing

  10. profile image57
    Ba Muposted 3 years ago

    Well it should depend on current inflation as a whole. There is no point increasing the minimum wage if products/items are getting cheaper (negative inflation). The initial benchmark must be given out as a guidance from the government as they have access to key information and economy in general.

    regards,
    Ba Mu
    reason10.com

  11. profile image0
    TheBizWhizposted 3 years ago

    The market should dictate pay. The government is the last entity that should tell a company how to run their business. Maybe when the gov gets its affairs in order, then they can tell us how to run our business. I mean, I try to tell them not to buy $500 screwdrivers, yet they don't listen to me.

  12. tamarawilhite profile image92
    tamarawilhiteposted 3 years ago

    When ten percent of the workforce has dropped out, such as those no longer counted as unemployed or taking disability due to depression from not finding work or retiring early at 55 because they can't find work, you cannot justify raising minimum wage.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)