My thoughts on the raising of minimum wage debate that is such a hot topic currently. Please read and leave your feedback.
It is a revolution that is starting in the fast food industry but it is truly a fight for everyone on the poverty line. Minimum wage is supposed to be a buffer for all of those to be able to have a living wage and afford all the basic necessities deemed by society and surviva...l. Such as housing, transportation, food, healthcare, education etc. How can anyone afford to pay the cost for these items on an $8 hr minimum wage. It should be the responsibility of the employer in every way, to pay a living wage. It should be a part of our bill of rights to have fair, livable wages to stay above the poverty level, especially to pay for all the things we have to pay for and provide for our families as well.
Without a living wage, you have more people dependent on welfare and other programs to be able just to get by. People who disagree with a living wage are usually the people who complain about people and families being on public assistance and usually are the ones who live above the poverty level and always argue that prices of services and products must rise as well. This is a false ideal. Lets say for arguments sake that a company is making $10 million a year in clear profit. You are going to tell me if the pay there employees a raise in wages that *(for sake of argument) another $2 million in wage increases, that this company still isn't profitable? That is the argument made, that to keep profit margins high, they have to raise prices, when this simple example shows they can keep costs low, pay a living wage, and still be a profitable company with even more potential growth from happier employees, especially in retail where customer service depends so much on whether a person buys something they want vs what they need.
Any good company re-invests in itself to become better by good wages and good products/services. A happy employee makes a happy company which will always increase your business and your bottom line in the end.
On top of it all, the economy will grow rapidly after a recovery. The housing market can boom again all because people have a little extra money in their pocket to spend and live a little.
My bottom line is that minimum wage doesn't have to be $15 an hour, but it deserves raised to an appropriate level with a guaranteed annual cost of living raise to help the #AverageJoe.
It is a revolution that is starting in the fast food industry but it is truly a fight for everyone on the poverty line. Minimum wage is supposed to be a buffer for all of those to be able to have a living wage and afford all the basic necessities deemed by society and surviva...l. Such as housing, transportation, food, healthcare, education etc. How can anyone afford to pay the cost for these items on an $8 hr minimum wage. It should be the responsibility of the employer in every way, to pay a living wage. It should be a part of our bill of rights to have fair, livable wages to stay above the poverty level, especially to pay for all the things we have to pay for and provide for our families as well.
Without a living wage, you have more people dependent on welfare and other programs to be able just to get by. People who disagree with a living wage are usually the people who complain about people and families being on public assistance and usually are the ones who live above the poverty level and always argue that prices of services and products must rise as well. This is a false ideal. Lets say for arguments sake that a company is making $10 million a year in clear profit. You are going to tell me if the pay there employees a raise in wages that *(for sake of argument) another $2 million in wage increases, that this company still isn't profitable? That is the argument made, that to keep profit margins high, they have to raise prices, when this simple example shows they can keep costs low, pay a living wage, and still be a profitable company with even more potential growth from happier employees, especially in retail where customer service depends so much on whether a person buys something they want vs what they need.
Any good company re-invests in itself to become better by good wages and good products/services. A happy employee makes a happy company which will always increase your business and your bottom line in the end.
On top of it all, the economy will grow rapidly after a recovery. The housing market can boom again all because people have a little extra money in their pocket to spend and live a little.
My bottom line is that minimum wage doesn't have to be $15 an hour, but it deserves raised to an appropriate level with a guaranteed annual cost of living raise to help the #AverageJoe.
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