Since it seems to be going up a lot over the US, think this will be good or bad in the long run?
- I think it's a good idea62% (15)63% (22)63% (37)Vote
- I think its a bad idea38% (9)37% (13)37% (22)Vote
Most Helpful Girl
Absolutely not, and to suggest it be done violates the notion of common sense and living in reality. A few posters backed up the no-raise argument well so all I have to add is that, super-simplified, both sides agree on this:
Where does payroll money come from? The business employer.
->Where does the business's money come from? Selling goods & service.
->Who buys goods & services? Consumers.
->Where does consumer's money come from? The business employer.
This is where the schism occurs as two conclusions can be drawn:
1) "Therefore, consumers with more money means more money for businesses. Businesses benefit, so they should bear the disadvantage (min. wage raise)."
2) "Therefore, businesses with more money means more money for consumers. Consumers benefit, so they should bear the disadvantage (no min. wage raise)."
How do we know that 2) is the logical conclusion when both are integral for each other's existence? Because only one of these entities are finite: business.
Consumers, or demand, will always be present and always need to be fulfilled (via income). The fact that businesses are NOT eternal renders the "business-by-consumer" dependency inferior by comparison, because if there is no business, THIS POSTULATE CEASES TO EXIST.
Ultimately, consumers are dependent on BUSINESS because they are forced to continue consuming should no business (income, ie: means to purchase) be available. And we all know the abject poverty, depravity, and misery that ensues when this happens.1