Indledning
Do minimum wage increases kill jobs? A popular response to this question is that minimum wage will result in the loss of jobs.
Whether the state should interfere in the wage levels of private companies and what level is appropriate for the minimum wage is a highly contentious political issue.
The discussion covers both impacts on individuals, businesses, and the entire economy.
Therefore, larger companies should go first and raise the minimum wage, because they have the capital to do so.
This will have an effective effect at first because the smallest companies contain over 70% of the total workforce in America .
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Uddrag
Despite this, in companies where tipping is included in the industry, companies are only required to pay 2.13 dollars as wages per hour.
In many parts of the U.S., it is rude not to pay at least 10% of the bill because tipping is an unwritten rule .
Over the past decades, politicians have argued that an increase in the minimum wage leads to an increase in jobs.
However, the argument was voted down by evidence from economists who based their rejection on data and analytics.
But for small businesses, demands for minimum wages will be a challenge, as they may have to fire people to afford wages.
In fact, if they do not follow the legal requirement, it will lead to heavy fines and possibly legal proceedings .
On the other hand, it can be assumed that the company will achieve higher turnover when purchasing power increases in connection with legal requirements for minimum wage.
The increase in demand will mean increased prices and therefore inflation, which means that we are back to the beginning.
This is a well-documented argument that regular raising of the minimum wage will mean that inflation does not expose the least paid to rough.
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