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 atomic number 18 reluctant to raise wages because they are trying to protect their interests. However, when one looks at the matter critically, one go forth discover that an profit in the minimum wage has adverse impacts on the workers.Employers volition increase the wages of their workers through increasing the prices of the goods they sell. For example, a retail shop volition 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 stir to pay more for such goods (Macurdy n.pag). The government will have increased their purchasing power but also caused them to spend more on their consumptions. They do not benefit because the limited money they have clear goes straight to the profits of their employers. They might have to spend more beca use the minimal wage bill affects various sphere of the economy.Companies do not only hitch up prices to meet their profit objectives. They may also lay off workers. The low earners will be forced to look for jobs elsewhere (Macurdy n.pag). This increases in the burden of cordial 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 stern 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 remaining workers. They will be willing to take up the extra work because they will be too 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