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04.02 Should the Government Control the Economy

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Francesca Fischer

on 16 November 2013

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Transcript of 04.02 Should the Government Control the Economy

04.02 Should the Government Control the Economy
Francesca Fischer

If you increased the payroll forces business owners to compensate. The consequences of this are: no full time jobs or hours are cut for most employees; a cut in pay from the owners income check; and then possibly having to fire some employees. all in all businesses would loose profits, people could lose their jobs.
In this economy small businesses struggle and raising the minimum wage would cause them to struggle even more. All businesses have to assign a certain amount of money for overhead and if that over head increases it will only cause the businesses to struggle more. If they raised the minimum wage it will not increase productivity or profitability.
I think that the United States should leave it up to the employer to pay the employee for what they think that they're worth is to the business because it is the businesses money. If the employees aren't satisfied with pay they are receiving they can go hunt for employment somewhere else.




The government should not raise minimum wage
Some people think that raising the minimum wage in the United States will be a solution to the current recession and help improve quality of life. That is wrong because it wouldn't improve the conditions it would actually make it nearly impossible for someone to have a full employment and deter economic growth
minimum wage
employees
surplus
shortage
raising minimum wage above equilibrium
Cites
"Raising Minimum Wage: A Bad Idea for a Multitude of Reasons >>Columns >> Bluefield Daily Telegraph, Bluefield, WV." columns ATOM. Np., n.d. Web. 16 November 2013.
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