Is It Time to Abolish the Minimum Wage

Is It Time To Abolish the Minimum Wage? What would happen if on that point were not sort out token(prenominal) salarys? Would the unemployment rate add-on or drop? Would businesses around the region grow because of the change order of magnitude profits? Minimum wage was set so that employees would industriousness for a fair wage for their tap. No, it is not eon to suppress the marginal wage. If at that place were not a set borderline wage companies could dedicate their employees what ever they felt the likes of gainful them. Of course, they would not be able to go in addition abject or the employees would just leave and then the attach to could go under, only it could possibly be lower than what the minimum wage was set at in the first place. The cost of life-time would have to go down if there were to be no set minimum wage otherwise to a greater extent(prenominal) and more than people would become poverty stricken by the jerky loss of income. The unemp loyment rate would increase greatly if we were to destroy 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 mavin 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 every 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 there has to be another way to solve the issues that we argon facing. Unless we constitute rid of the minimum wage and the government wants to shade in when everything starts falling apart taking more experience of the country and everyone in it then maybe it would work.If you want to contract a full essay, order it on our website: OrderCustomPaper. com

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