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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
@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.
@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
@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
@9LTNDRBRepublican1yr1Y
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.
@9LV5PWZ1yr1Y
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.
@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.
@B4R8DPZLibertarian3wks3W
i think raising the minimum wage will make the prices of everything go up and it will be a never ending thing of higher prices.
@B472TCF1mo1MO
as prices rise, wages stay the same. eventually the value of the USD will skyrocket, leaving those syuck
@9M7DJCL12mos12MO
Everything else in the country moves along with inflation rates while minimum wage does not, leaving some people behind struggling more, unfairly.
@9M3KYBK1yr1Y
According to the U.S. Bureau of Labor Statistics, the inflation rate has increased three-fold from 2% to 6% from 2021 to 2022, and is still at 4%. Before the spike, the rate was stable at 2%.
https://data.bls.gov/timeseries/CUUR000SA0L1E?output_view=pct_12mths
According to the Economic Policy Institute, the minimum wage in 2022 was worth the lowest since February 1956, as a result of this spike and the lack of adjustments to the minimum wage to accommodate for it.
https://www.epi.org/blog/the-value-of-the-federal-minimum-wage-is-at-its-lowest-point-in-66-years/
@9LYTBFL1yr1Y
as inflation occurs, the cost of living changes as well. because of this, people aren't able to live off of the minimum wage like they were able to in past years.
@9LVNYQR1yr1Y
No, the more the minimum wage raises, the higher the tax, the higher the tax, the higher the inflation
@9LVNGK71yr1Y
If we raise the minimum wage each year it raises inflation alone. This raises the minimum cost by itself.
@9FLRYCH2yrs2Y
Housing and food costs raise along with inflation, and without minimum wage following, over the span of time it will grow more and more difficult to survive, so the minimum wage must rise with inflation to support those who need it.
@9M2CVN4 1yr1Y
The labor movement has long advocated that working people share in the wealth we help create and our incomes should rise as we become more productive.
@Drfish 2mos2MO
It’s no surprise that the price of housing and just overall expensive living continues to go up every single year. The average home buyer is 38 years old. You have companies that are pulling in profits, which is money that is made after everything else is paid so after employees get paid shareholders get paid everyone gets paid. The profits is the extra money and then those profits go towards whoever there’s absolutely no reason a business making millions and profits has hundreds of thousands of employees and they don’t have to pay their employees a fair wage so then they can live companies. Do not need to be making millions of dollars if their employees are not making a livable wage.
@B34WFSH 3mos3MO
Most companies already give raises to their positions in line with inflation so companies that don't would just be at a disadvantage but should be controlled by the individual companies.
@B2Y3VSG 3mos3MO
you can ask any lower income job workers and in the stats the kids will have a harder time then there parents to get a house and care and live a comfortable life
@9XVZFCLIndependent 6mos6MO
Hourly jobs do enough to support a single living individual with the current minimum wage standards. It should not be a focus to change the standards every year. Attention needs to go more towards lowering the average consumer prices of everyday basic necessities.
@9H2NKD61yr1Y
Yes I think that with inflation, just like all things, minimum wage should be increased as well. But only correlationtin to the amount of inflation
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