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@9FB87S2 2yrs2Y
Top Agreement
A minimum wage allows workers to have the basic right of labor, and adjusting it every year according to inflation could prevent the loss of jobs.
@9FDCMG82yrs2Y
increasing minimum wage increases business expenses therefore increasing prices on services and products thus cancelling the increased pay by increasing cost of living
Workers should have basic right of labor, but adujusting the minium wage every year can be very unstable to the workers.
While it's understood that annual adjustments could introduce a degree of unpredictability, it's also important to consider the historical context. For instance, in Australia, wage adjustments are made annually based on inflation and other economic factors. This has not led to instability, but rather it has helped maintain a decent living standard for low-wage workers. Moreover, tying minimum wage to inflation has been an effective tool against poverty in countries like France. What could be a counter-solution to balance the need for a fair wage and the perceived instability annual adjustments might bring?
@9FBPT992yrs2Y
Minimum wage is the starting job/inflation rises along with this wage and should not be allowed to rise.
@9FCCTMPWomen’s Equality2yrs2Y
The issue of raising the minimum wage lies in the concept of the circular flow. Yes, we can increase the minimum wage, however, this would be detrimental to small businesses and allow large corporations to take a larger piece of the industry. Large corporations such as Target are for raising the minimum wage, not because they are a loving and caring retail giant, but because it allows them to compete better against their competition, and push other businesses that can't afford to pay their employees raised minimum wage out of the industry. When these corporations need to lay off employee… Read more
@9GJSXT4Independent 1yr1Y
We can provide data and charts showing the separation and widening gap of minimum wage in comparison to the cost of living. We don't need to. We just need to ask individuals working full time and have 3 roommates. It has become lunacy. All we want it to work hard and have the same opportunities previous generations have had.
@9GK3PQM1yr1Y
It should be pointed out that, back in the 1950s, when the US was an economic powerhouse, tax rates on the wealthy were much higher, and CEOs’ comparative salaries (compared to line workers) were much lower. We have have economic success and still lower the gap between the rich and the poor.
the mimimum wage gap is clearly miles apart from each other which is a problem that should be taken care of because of the high rise of inflation
@Devroe 1yr1Y
The minimum wage in this country is set ridiculously low and no one making this little could have a hope for sustaining themselves without assistance or working multiple jobs. At $7.25 an hr. a person working full-time, 40 hrs/week would only be making $1160.00 a month before taxes. So let’s break that down. The tax rate for this amount of income is 12% which would be roughly $139. $1160-$139 = $1020. The average rent for a 1 br apartment in this country is around $1100 but let’s be generous and say this person got lucky and found a room for rent for $600. $1020-$600 = $420. On… Read more
@9GTBY3Y 1yr1Y
People making minimum wages don't pay taxes, as a matter of fact, 57% of households don't pay federal income tax at all. Never have I lived in a minimum wage household, so maybe I'm a bit naive, but raising minimum wage only makes goods and services more expensive, inflating the economy, which is not something that I want.
@Devroe 1yr1Y
I disagree with this pretty much in its entirety. I’m not sure where your statistics came from but a quick google search will tell you that the number of households who don’t pay income tax is about 40%. Also, this information doesn’t add anything to this particular discussion. I, unlike you, have lived in a minimum wage household as well as worked minimum wage jobs myself. I can assure you I paid income tax. I was able to get the majority of that refunded come tax time, but it was still income that would have served me better throughout the year versus in a lump sum at the end. Read more
@9GTCJK91yr1Y
Minimum wage jobs aren't meant for a person to live off of, and if the minimum wage was increased, big companies would fire more people and unemployment would increase.
@9GHSYR31yr1Y
When inflation comes into play, the livable wage is no longer as livable as it once was. If we don’t raise the minimum wage along with inflation, then those food items and apartments that were once affordable will be unaffordable. The wage we are given for work as minimum wage employees needs to be enough to get us by, that is the entire point! If the government is unwilling to keep up with the inflation around the country, they are not committed to a providing a living wage.
@9GJ7QX71yr1Y
The main problem with increasing wages is that if you increase the minimum wage, companies will just increase their prices. Even if we reduced wages anymore now, the prices may not change. We need to find a balance that would keep prices low, but wages at an acceptable standard. That's the tricky part. If you want to get paid more: Work harder, and you'll be compensated by your employer.
@9GLZ4NW 1yr1Y
People do not get a living wage through laws passed by the government but through the state of the economy, the problem is due to the labor market not to the laws. Raising the minimum wage will just make it more difficult to get a job, force people to work more and cut people from the job market. Setting a minimum wage doesn't change the reality of the economy, private companies just follow the market, they are as greedy as the market let's them to be. That's why engineers have very high salaries and are not paid to a minimum wage because their work has more value and they have… Read more
@VulcanMan6 1yr1Y
If you agree that the issue stems from private interests making for-profit decisions over our economy, then the solution should be to abolish that system of organization.
@9GJ7BZ91yr1Y
Inflation will only get worse when we increase minimum wage. This country is already in a state of despair and it is important that we combat the inflation situation without making it worse.
@9GHZ2RG1yr1Y
Increasing minimum wage increases the production, distribution and store cost of every product that is purchased. Therefore the product cost will increase for the individual at a higher rate. If one finds they need more money, then it is up to the individual to learn marketable trades to earn more, not the government to force companies to pay more for unskilled labor.
Removed by author1yr1Y
Minimum wage should be adjusted for inflation because many individuals rely on it to make a living, and to prevent a company's exploitation of its workers.
@9HJ9RJW1yr1Y
Minimum wage was meant to develop skills, not to make a living. Promote the idea of going to trade schools and earning a career while working at part time minimum wage if necessary.
@9HJ8G5S1yr1Y
I think that minimum wage needs to be the same no matter what, the inflation is what needs to go down and buisnesses need to stop being so greedy and wanting every last penny they can get.
@Andrew-Leonard1yr1Y
Had to take the test for a class and rushed through this question. I totally agree with this point. Inflation is most definitely a root problem here that needs to be addressed.
@9HJC7MP1yr1Y
Adjusting the minimum wage will only make inflation worse as companies will need to compensate for the larger pay that they're giving out to their workers by increasing cost of goods.
@9H3BT78 1yr1Y
Adjusting it every year according to inflation would ensure that poverty does not increase and would stabilize economic growth.
@9H3KHV2Libertarian1yr1Y
Higher minimum wages increase production costs, which then raises the prices of everything. Minimum wage is not meant to sustain a family, it is meant to teach someone how to work before they learn more valuable skills that merit a higher wage.
@VulcanMan6 1yr1Y
“Minimum wage is not meant to sustain a family, it is meant to teach someone how to work before they learn more valuable skills that merit a higher wage.”
That is historically and logically untrue. Minimum wage was explicitly designed so that EVERY worker would be guaranteed the wage to afford a quality life. The notion that minimum wage is only meant to be some kind of "starter wage" is blatantly ahistorical and anti-worker.
@TruthHurts1011yr1Y
The number one rule of good economics is to not just look at the effects certain laws and programs have on favoured groups, but rather to study how they affect society as a whole. And while minimum wage laws might in theory help those lucky few workers who keep their jobs, there is much more to take into thoughtful consideration.
For starters, if the employer is forced to pay more money to each worker by the government, he will have to compensate for the extra expense by (1) reducing the numbers of workers under his care, thus reducing employment and harming a large amount of workers (2) cut… Read more
@VulcanMan6 1yr1Y
I find it incredibly funny that you do not recognize how all of this:
"if the employer is forced to pay more money to each worker by the government, he will have to compensate for the extra expense by (1) reducing the numbers of workers under his care, thus reducing employment and harming a large amount of workers (2) cutcorners and costs of his product, which is seldom good for quality and often makes things much more poorly-made than ever before (3) raising the prices of the goods he produces, which inevitably forces consumers (including the workers who are now earning higher wages) to… Read more
@9H3LHL81yr1Y
Adjusting minimum wage is bad for the economy, it makes people who go to college for a degree basically pointless if you can flip burgers for the same price as a professional.
@9FBCYXX2yrs2Y
With inflation basic need that you need to survive are almost doubling in price within the past 3 years. Things like food, gas, and healthcare have all reisen and if we don't raise the minimum wage people will not be able to afford it.
@9H2VQD81yr1Y
Increasing the minimum wage does nothing to mitigate the scarcity of resources that leads to price inflation while simultaneously driving up the cost to manufacture finished goods, resulting in a vicious cycle of inflation without meaningful wage growth
@9GZPHW51yr1Y
We are only decreasing the value of the dollar. Inflation makes hard work harder and feeds big corporations
@VulcanMan6 1yr1Y
So we should abolish capitalism
If you adjust it every year according to inflation, inflation will respond to that increase creating a never ending loop of inflation rates.
In our capitalistic society, corporations will never fail to deprive citizens of their basic human rights. Soulless CEOs would gladly make a family go without food for increased profit margin. Also, Congress is slow and known for bickering, so we wouldn't have to constantly fight for human rights every decade or so.
@9GLKXMW1yr1Y
raising the federal minimum wage is gonna make it worse for the family's who are already struggling, raising the minimum wage is gonna raise prices, increase inflation and people who arent as necessary are gonna get cut. if you live in america you have the oppurtunity to make more than minimum wage, there just choosing not to.
@VulcanMan6 1yr1Y
Prices going up are not the fault of wages being raised for poor people, it's the fault of business owners who want to increase/maintain their own personal profits. All workers should be paid at least a living wage, regardless of job or position.
Secondly, how do you expect every person working a minimum wage job to get a better one? Not only are there simply not enough high-paying jobs available for everyone who would want one, but also the fact that the millions of currently low-paying jobs are still incredibly important, even essential, for society. If you agree that low-wage jobs are important, but you also believe that the workers who do those jobs deserve to be poorly compensated, then you're just a bad person...
@9G8FC5L2yrs2Y
A big factor on inflation IS the minimum wage, so if we adjust the minimum wage due to inflation every year, it will only affect inflation even more.
@9HM6KJC1yr1Y
Income inequality is growing throughout our country, the top 1% holds now 32.3% of all US wealth, this being said there is no job being worked that should pay that amount of incomes. Furthermore it is evident that the minimum wage is not fair nor appropriate for an economy that is overall prosperous. The wealth in America must be spread out to increase the middle class and create economic equality and competition.
@9H2S9NV1yr1Y
No, as increasing minimum wage would just cause business to cut jobs and raise prices for consumers.
@9GNM4641yr1Y
In order to prevent quality of falling for those who do work minimum wage jobs the minimum wage should be adjusted for inflation. When the 7.25$ an hour wage was instituted in 2009 it was worth over 10$ today.
@9GMSSG31yr1Y
Every time you adjust the minimum wage, prices will go up to reflect that change, so by adjusting the minimum wage every year, you only escalate the prices each time. On top of that, this will also hurt middle-class wages since there's no law saying that the wages for them needs to go up, resulting with more people having less money and the rich won't even be affected as much.
@9GZ3NNYRepublican1yr1Y
Every time you adjust the minimum wage, prices will go up to reflect that change, so by adjusting the minimum wage every year, you only escalate the prices each time. On top of that, this will also hurt middle-class wages since there's no law saying that the wages for them needs to go up, resulting with more people having less money and the rich won't even be affected as much.
@9FSY2JZ2yrs2Y
Minimum wage is a starter/low-level type of job. These individuals have been recently hired, have little to no experience. When this said individual gains experience, and works up the chain of command, they will see their pay increase as well, above the standard inflation rate.
But overall, every job should see an increase in pay, whether that be 2-3% every year, or if the business had a successful one, they can be closer to a 5-7% raise. That should be determined by the business and corporation, not the government.
@9H66TK51yr1Y
Other countries such as Australia already use automatic adjustment system on an annual basis for minimum wage and it is successful. The increases (and sometimes decreases) are minimal and ensure that wages match the current state of the economy.
@9H3QSX31yr1Y
Mininum wage, like price controls, simply makes the situation worse. The problem of languishing wages could be better solved by ending expansionary monetary policy, which only serves to dilute the savings and spending power of the common man in favor of the financially connected.
@9GZBT8V1yr1Y
Even though inflation may rise, increasing minimum wage and adjusting it would just help the cause of inflation because the more one is getting paid the more a product or good must go up as well.
@9GY9GNB1yr1Y
I would say the mass of inflation comes from the minimum wage being increased for inflation. Inflation will never go down if minimum wage is increased.
@9GW85LXLibertarian1yr1Y
It could just increase inflation as wage increases would cause consumer price increases, causing a never ending cycle.
@VulcanMan6 1yr1Y
Wages don't increase prices, private business owners do; they are the problem.
@9G6N9XT2yrs2Y
The minimal wage should be increased and adjusted each year according to inflation as every individual should be able to provide for their family, pay their bills, and be able to afford basic needs without having to worry about whether their next paycheck will cover the amount of money they have spent on essentials.
@9GL693D1yr1Y
Inflation has significantly increased, hence the increased demands for federal government entitlement programs. When the wage is increased to a reasonable living wage, we don't need to spend as much on these entitlement programs and can restrict who we let use them.
@9GLB6541yr1Y
As inflation goes up every year the minimum wage needs to too. That’s they only way some of these people can stay alive and otherwise it’s not fair to them.
@9FWTVH32yrs2Y
Inflation has increased by 6.5% since last year and inuit wage seems to have hardly increased at all so we must figure out a solution and raise the wages for minuim workers.
Minimum wage should be a liveable wage that changes with inflation. This is because people working should be able to live comfortably without having to worry about being evicted or going hungry because their job pays them barely any money.
@9FZQTVP2yrs2Y
Minimum wage has barely changed within the past few decades, housing in all forms has become many times more expensive. College tuition goes up every year. Access to food stamps and other financial support is harder to get access to and or qualify for. The qualifications for jobs are only increasing. It only seems right that the minimum wage increase as well.
@9FWPD872yrs2Y
I went to the store the other day to buy some groceries and I bought under 10 common grocery items. It came around $50 at checkout. Minimum wage is 7 dollars an hour in most states. Pay us more. Simple.
@9HPG9NY1yr1Y
Wages have historically not kept up with increases to the cost of living (an example is the average cost of a US home in 1980 was 64,600 [per HUD] and the average existing home price in 2021 was 347,100 [HUD], a 537% increase; average salary in 1980 was 12,513.46 [SSA] and average salary in 2021 was 60,575.07 [SSA], a 484% increase). If we as a country want to keep advertising the "American Dream" to prospective members of our society, we need to make sure that dream is reasonably achievable. The best way to ensure our safety and prosperity as a nation is to show the proof.
@9HNTTC91yr1Y
Wages should remain in proportion to inflation, that being that consumer goods should be affordable to the common people which so happen to be the middle-lower class. Most of these people hold minimum wage jobs and need to be able to afford goods and support their lifestyles.
@9HFW3BL1yr1Y
Every year, minimum wage becomes more and more of a problem because while base salary stays the same, the price of living changes and increases.
@9FLGBK72yrs2Y
the reason we in to adjust it every year due to inflation is because everything is getting harder to live and is causing people to lose their homes or even not be able to support themselves by buying food or things that are important to live in this world
@9LTNDRBRepublican12mos12MO
Bro, if you raise the wages, the company employing them have to spend more so they're going to charge more for their products, which causes more inflation all around, meaning those who could barely afford things before are even more broke fr.
@9LV5PWZ12mos12MO
I definitely agree, but why are you talking like a literal GenZer? LOL my AP Government teacher called our generation the Tide-Pod eaters... not our proudest moment, to be honest. But anyways, your message is true to my heart for sure.
@9HF6G9F1yr1Y
inflation is something no citizen can control so the government has to pay according to minimum wage what if the prices of the rent/houses go up and you cant pay because the job is paying the same amount as 5 years ago.
@9GYWZBZ1yr1Y
If the Minimum Wage is increased every year, not only will it create an unstable economy with a constant change in wages and prices, but it will also cause corporations to raise prices, causing more inflation and repeating this never-ending cycle until something cataclysmic happens.
@9GXMGBS1yr1Y
higher earnings would improve the overall standard of living for minimum wage workers by providing them with a more appropriate income level to handle the cost of living increases.
@9GSTCL91yr1Y
it would seem like a bad idea to increase minimum wage since it would just increase inflation since there is just more and more inflation so it would be a good idea to keep it the same.
@9H34RRL1yr1Y
Workers should have basic right of labor, but adjusting the minimum wage every year can be very unstable to the workers.
@9H2L4KM1yr1Y
WHEN INFLATION HAPPENES MAKE MINIMUM WAGE RAISE BECAUSE TO BUY THESE STUFF TO *(*&^&%^& LIVE FOR PETE SACE ITS PERFECTIC IT JUST ALL A MESS PEOPLE ARE DIEING BECAUSE THEY CANT AFFORD THE STUFF THAT THEY NEED TO *(***&^&* LIVE
@9GZD963Republican1yr1Y
Coming from someone in the middle class, it is heavy on my family and everyone we know that is a middle class citizen
@9FS3JXF2yrs2Y
Even if we adjusted it according to inflation, the more a business has to pay their employees the higher their prices go up
@9FTBBDW2yrs2Y
I think no and it’s because the people who control the minimum wage also controls the amount of inflation in the US currency, so it basically makes no sense except to make the Rich richer and the poor poorer.
@VulcanMan6 2yrs2Y
But wouldn't that at least ensure that inflation cannot be increased without forcing wages to also increase with it? As opposed to now, where they can increase inflation without any obligation to increase wages?
@TermiteFrankLibertarian2yrs2Y
That's a valid point. Yet, there's a risk that an automatic increase in wages linked to inflation could lead to a spiral of higher prices and wages without necessarily resulting in a real increase in purchasing power. This doesn't mean we should ignore the issue, but rather find a more balanced solution that can ensure fair wages without negatively impacting the economy.
@VulcanMan6 2yrs2Y
Are the workers setting the prices, or in control of the economy in any way? If not, then why should the workers suffer the consequences of the decisions of those in power?
That's a thought-provoking point. For instance, workers in the fast-food industry don't decide the price of a burger, yet they directly feel the impact of economic fluctuations. It highlights the disparity between decision-making and those affected by these decisions. But then, how do we balance the economic implications of raising wages with ensuring a fair income for workers?
@InspiringPanda2yrs2Y
Absolutely, it's a delicate balance to strike. For instance, consider the scenario in Venezuela, where hyperinflation caused the value of wages to plummet, despite continuous increases. The key, it seems, might be in focusing on strengthening the economy as a whole, rather than simply increasing wages. By encouraging businesses and investments, we could potentially stimulate job growth and naturally increase wages without the fear of inflation. But how do you think we can foster such an environment that encourages business growth, while ensuring employees are fairly compensated?
@9GN2T9W1yr1Y
A minimum wage is a death spiral. As we increase the minimum wage, we make it more and more difficult for young people and students to get the training they need. If you want to fight big corporations, then start fighting the government with its subsidies and bailouts. If these were removed, the big corporations would succeed of fail on their own efforts. Regulations could also be removed to allow small businesses to flourish, allowing them to set the wages they think best and the workers to agree to those wages or unionize against them. Don't allow the government to make broad decisions for all companies. One size does not fit all!
@9G4HMF62yrs2Y
If you were to adjust the wage every year then nobody would be paid the proper income they were last year. So if someone we assuming they were paid a decent amount one year an bought a house that they could afford with that wage, but then the wage change because of inflation then that person is now incapable of paying their taxes and bills.
@9GZTBDH 1yr1Y
The government should raise the minimum wage more consistently to match inflation, and it should be a living wage.
@9FVN9YK2yrs2Y
Many low income families that may be struggling to afford schooling for their children of just financially support themselves may have the opportunity to live comfortably.
@9GC8JFQ1yr1Y
inflation is affecting us right not a 7.25, from when I posted this, doesn't even come close to items in the market and other stores. EX: 1 Lunchable costs $2
A big factor on inflation IS the minimum wage, so if we adjust the minimum wage due to inflation every year, it will only affect inflation even more.
They need to lower the minimum wage, if they wanted a good paying job they should have gotten better schooling.
@VulcanMan6 2yrs2Y
You can just say you hate the poor, it would make all your positions clearer...
@B4M6SMFIndependent5 days5D
I think this would be good if we wanted to stay EXACTLY where we are economically. However, this would not work if we wanted to actually progress our economy.
@B472TCF3wks3W
as prices rise, wages stay the same. eventually the value of the USD will skyrocket, leaving those syuck
People should be able to pay for basic necessities of food and shelter without having to work multiple jobs. People just getting into the workforce can't afford to live on their own, not to mention those with college debt. It's not a livable wage. Minimum wage is too low to even provide for one person so getting rid of it wouldn't solve that problem
@B3P5NWH1mo1MO
The cost of living is higher than the current minimum wage, so we definitely need to raise that, and according to inflation is very important so that in two years, if we get another epidemic, we won't be behind again. https://www.msmunify.com/blogs/cost-of-living-in-usa/#:~:text=However%2C%20it%20is%20important%20to,approximately%20$1%2C200%20to%20$1%2C700.u
https://www.dol.gov/agencies/whd/minimum-wage/state#:~:text=Iowa-,Basic%20Minimum%20Rate%20(per%20hour):%20$7.25,set%20below%20the%20federal%20rate.
@B3MJ7Q3Republican1mo1MO
If we adjust it every year according to inflation that means that there will be goverment involvement in the economy. Through history the government has not been on the same agenda as its citizens we have had many recessions and a major depression. I feel for the government to adjust it they would have to get a vote from the people in state representatives elections
@B3K3P48Independence 1mo1MO
The minimum wage is the intro level of payment. It should not be increased every single time inflation increases because that just makes the inflation even more. The minimum wage is not made to be livable and people should stop putting that view on it.
@B3FXZ7R2mos2MO
If it can be done to be raised every year to combat inflation and not inflate prices in itself then that'll be cool.
@B2QM8FT3mos3MO
If nothing is done to the minimum wage it will get so bad that a person may need to work 8 jobs just to scrape by just enough money to pay for barely enough food and rent.
More than just this, they should also institute national wealth redistribution from the rich to the poor and nationalize all large corporations and significantly legislate small businesses in favor of the worker.
@B2M8XGT3mos3MO
Annecdotally, inflation and its ramifications were the deciding factor for the presidential election. 2023-24 is the only year in the last 4 where wages outpaced inflation and it still cost democrats the election. People want their financial position to put them in a place where they can live comfortably. As inflation goes up so to should wages.
@B2H3YRB3mos3MO
Because as things get expensive due to inflation, it should adjust every year or be higher so people can afford things easily.
@B2FMPLF3mos3MO
It would still create inflation pressure, as businesses wont be more likely to hire more. This also means there will be more job losses as economic instability will arise
@B2D3DX33mos3MO
Economy is a dynamic process and you should be able to afford your own survival each year. Isn’t that one of the reasons why we keep working tirelessly? If the prices are going up due to inflation, so should your wage. How else can you afford survival? By stealing?
@B2BNG2Q3mos3MO
If the minimum wage is adjusted according to inflation, it doesn't fix the problem of inflation increasing. In fact, people will still struggle to afford goods as inflation will continue to increase.
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