Friday, October 7, 2016

FEATURE ARTICLES. RAISING THE MINIMUM WAGE; HERE WE GO AGAIN. PT 5.

Workers, Cement, Concrete, Wet

Since we have seen that claims saying raising the Minimum Wage causes a rise in unemployment to be false, and the positive affects such an increase has in both the public and private sectors is often ignored, what is really at the heart of the opposition?  It may not be what you think.

In fact, it may be a couple of reasons;


-  Raising the Minimum Wage must be done by Government Decree. There are those who OPPOSE ANY GOVERNMENT INFLUENCE ON WAGES, ESPECIALLY IN THE PRIVATE SECTOR.  This holds true even if you point out how business will benefit, and profits will rise.
( Of course, to them, Government Intervention is good for such things as Tax Breaks, Bail Outs, Tax Free Loans etc.)

Some Billionaires and Multi- Millionaires consider this an acceptable trade- off,
as long as wages are in their control.

- It cuts down on the supply of POVERTY LEVEL LABOR.  Many of those working for the current Minimum Wage, cannot meet the minimal financial levels needed for the basic necessities, ( i.e, Food, Rent, Medical etc.) , even if they work full time. (It is even more of a problem with dependents.)

This often leads to taking a second or third part- time job, which are usually low paying positions similar to their full time employment.  Even when paying low wages, many employers will do just about anything to avoid paying overtime. So this leaves a pool of workers trapped in a cycle of working just to make ends meet.

However, raising the Minimum Wage to levels where poverty isn't the only result, will cut down the need for multiple employers and jobs, and give an opportunity for Individual growth through additional Education and Training.

In other words, a better prepared work force, in terms of the ability to achieve Financial and Professional success.

A SCARY THOUGHT FOR MANY CORPORATIONS.


I would like to end this Article leaving you with the following thought:

NO MATTER WHAT IS SAID PUBLICLY, THERE ARE POLITICIANS, ELECTED OFFICIALS AND GOVERNMENT EMPLOYEES WHO COULD CARE LESS THAT ANY AMERICAN GOES HUNGRY, IS HOMELESS, OR STRUGGLES TO FEED THEIR CHILDREN.  THE SUCCESS OF UNIVERSAL HEALTH CARE IS DRIVING THEM CRAZY, FOR IT BENEFITS ALL AMERICANS, NOT JUST THE SELF- CENTERED.

Remember this the next time you hear a Candidate speak.

Date-  10/30/2014.