ok, Minimum wage rises with the cost of living... usually. Cost of living usually increases first but still, if minimum wage increases. so does everything else. Food will definitely rise. Along with that because we are a capitalist society, some jobs will most likely be cut and less people will be hired because those companies will need to "make up the difference" even though they'll increases prices with it.
| supernihilist said: Its simple. The lower the wage, the higher the number of employees a Company can have with the same money. Higher production with no added cost. Thats why capitalist conglomerates always put pressure trying to push minimum wage down. |
though this may be true, since we are in a capalist society, if minimum wage goes down, that may not mean they will hire more people. They want to push it down so that can make more money. Why would they want to hire more people when they are functioning fine with the number of people they currently have? The only time they would ever consider hiring more even if the wage goes down is if they see it increasing the efficiency to the point where it would benefit them. The same logic was used when they put some taxes down here (in Canada, Nova Scoita). They were thinking it would promote companies to increase the amount of people they would hire as they would have a bit more money but instead. only about 2% increase their work force while the rest either cut back or didn't change.
