The wages of most American workers have fallen or stayed flat while their productivity continue increasing. This fundamental problem has held back our economy. When wages are low, consumers don’t have money to buy the products they make and businesses don’t see markets to support additional investment.
This stagnation has resulted in a race downward in labor practices.
McDonald's figured out that paying its low-wage workers more would actually be a good thing for McDonald's. Walmart and Subway indicated that they do not oppose an increase to the minimum wage.
Minimum wage of $7.5 pushes the employee into welfare. Someone got to support the employee who is working 40-50 hrs a week just to have food or a place to live. Single mothers would suffer the most in these conditions.
While businesses lobby for reduce taxes, or find a way to reduce it, the welfare system is supplementing large businesses that pay their employees the minimum.
Raising the minimum wage will help businesses after all. Stable employment, more employee spending, and less dependence on welfare for the employees or the business themselves.
Considering the needs of entry level employees would go a long way. It is a welfare reform that the republican always ask for. So give it a push.
Just a thought.
No comments:
Post a Comment