Write if you agree or disagree and why Essay Example | Topics and Well Written Essays - 750 words

Write if you agree or disagree and why - Essay ExampleIt may seem that companies are reluctant to raise wages because they are trying to protect their interests. However, when one looks at the matter critically, one pass on discover that an addition in the minimum wage has adverse impacts on the workers.Employers lead increase the wages of their workers through increase the prices of the goods they sell. For example, a retail shop will increase the prices of their goods, which are necessities, to cater for the governments requirement. The changes in the consumer goods will fall hard on the individuals living below the poverty level because they will ease up to pay more for much(prenominal) goods (Macurdy n.pag). The government will subscribe to increased their purchasing power tho in like manner caused them to spend more on their consumptions. They do not benefit because the extra money they have earned goes straight to the profits of their employers. They might have to spen d more because the minimal wage bill of fare affects various sphere of the economy.Companies do not only hike prices to meet their profit objectives. They may also lay off workers. The low earners will be forced to look for muses elsewhere (Macurdy n.pag). This increases in the force of social workers who have to provide benefits for the unemployed. The law will increase the rate of unemployment, a state that brings with its problems. Employees will have to lose the salary that has helped them survive in the severe economy. The workers who will be retained will be forced to do a lot more for a marginal increase in their salaries. The retrenched workers will have left a gap that can only be filled with the rest workers. They will be willing to take up the extra work because they will be withal grateful to have retained their jobs. However, they will be under strenuous conditions that will reduce their job satisfaction.An increase in salaries will cause the low-income earner lose out on social benefits such as food stamps and subsidised housing charges. A