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 make up unrivaleds mind token(prenominal) salarys? Would the unemployment rate add-on or drop? Would businesses around the region grow because of the change order profits? Minimum wage was set so that employees would assembly for a fair wage for their plough. No, it is not clip to subvert the marginal wage. If at that place were not a set negligible wage companies could redeem their employees what ever they felt comparable gainful them. Of course, they would not be able to go too abject or the employees would just leave and then the companionship could go under, unless it could possibly be lower than what the minimum wage was set at in the first place. The constitute of life-time would have to go down if there were to be no set minimum wage otherwise to a great extent(prenominal) and more(prenominal) people would become poverty stricken by the jerky loss of income. T he unemployment rate would increase greatly if we were to annul 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 one 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(prenominal) 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 h as to be another way to solve the issues tha! t we are facing. Unless we constitute rid of the minimum wage and the government wants to standard in when everything starts falling apart taking more underwrite of the country and everyone in it then maybe it would work.If you want to sign a full essay, order it on our website: OrderCustomPaper.com

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