Is It Time To Abolish the Minimum Wage? What would happen if on that point were non engender dressed token(prenominal) salarys? Would the unemployment rate add-on or drop? Would businesses around the region grow because of the change magnitude profits? Minimum wage was set so that employees would devise for a fair wage for their reach. No, it is not cartridge clip to revoke the marginal wage. If at that place were not a set token(prenominal) wage companies could salary their employees what ever they felt standardised gainful them. Of course, they would not be able to go also abject or the employees would just leave and then the ships comp either could go under, further it could possibly be lower than what the minimum wage was set at in the first place. The speak to of life-time would have to go down if there were to be no set minimum wage otherwise to a greater extent(prenominal) and much people would become poverty stricken by the jerky loss of inc ome. The unemployment rate would increase greatly if we were to get rid of the minimum wage because no wholeness would want to work for less(prenominal) than what they were being paid for working the same job.
If no unitary wanted to work the same job for lower pay then the businesses would start going out business. It would just be a big domino affect that would cause more trouble than good at least for the American citizens any carriage. wicked immigrants would have a hell of a time with wholly the job opportunities opening up. Abolishing the minimum wage is not the way to go. I do not know what is, but ther e has to be another way to solve the issues ! that we atomic number 18 facing. Unless we constitute rid of the minimum wage and the government wants to standard in when everything starts falling apart taking more authorization of the country and everyone in it then maybe it would work.If you want to get a full essay, order it on our website:
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