Why Raising The Minimum Wage So Quickly Is Bad For Everyone.

The question of minimum wage was recently discussed in the senate and after some discussion and amendments; the minimum wage will climb up to $5.85 per hour, effective on July 24, 2007, $6.55 per hour, effective on July 24, 2008 and $7.25 per hour, effective July 24, 2009. Since the law of minimum wage was passed in 1996, there were nine attempts to raise the law and nine attempts fails. With the workman of low income a sigh of relief can be heard. The wage increase allows the skilful workmen lower than a greater income of provision and the expenditure on the essential articles or saves them in the future. The company draws benefit from a greater income in the tax of sale of the increase in the expenditure. This would help to place programs of the need in the community. They are some of the claims which the democrats and no matter who who are pro a minimum wage increase wants that each one believes. It is up to now of the truth that it is appalling. John Edwards is thus to a! nimate that it presented an amendment to help with the passage of the invoice. He declares the need for the working class of workmen he; they need really this to occur. John Edwards must have failed economic sciences 101 and have deadened well by a class of finances, since is not this what them working class impoverish workmen to need for their safety. Basically, the democrats say that more money will save you your money worries and here some nickels and tenth of dollar to alleviate you. Economic sciences teach us about the law of supply and. Businesses that the workman of the employees to the new wages of $7.25 are forced to increase prices beyond their normal rates. The good old woman inflation allows owners of businesses to increase their prices at least 3% one per annum, which is the average rate of inflation in the USA. The wages of the employees is calculated like variable cost of accountancy, and the variable cost can be reduced when its price is excessive. The varia! ble cost is illustrated in the price of the product or the ser! vice of the company. The employers must increase the price of their product to maintain their profitability or for congédier of the employees to remain competing with other companies. An analysis of chain of the commercial value will seem extremely expensive at an unspecified point where the workmen handle their product to harvest their raw materials first to be used the end product for the consumer. A company which wishes to maintain their sequence of values of the advantageous analysis to determine the orders of cost and to put pursuant to the means of reducing their total cost. The employees of increase that the wages, which is a variable cost, increased considerably over a certain period of time, these costs are the first to be reduced by the wide offs. To extend not only the offs, but to reduce the total labour for their lower paid workmen. Did you ever wait in long lines at a food restaurant of fast preparation or you waited to be sitted a restaurant to rest downwards? To now ! imagine few workmen due to the costs and more your valid hour lost for the same service. To increase the minimum wage is not the solution with the workmen of low income; it is a political smoke screen by the democrats to pay with far this sector voters. Education increases the value of the individual to the employees, nonlegislative of Congress.Christopher Witter is a native of Bethalto, the defect which received its degree of B.S. in the administration of businesses and its MBA of the American intercontinental university all both with a concentration in Acct/aileron. He is a specialist in income tax return certified in Jackson-Hewitt and a financial planner with Primerica, a company of sister of Citigroup. The founder and the PRESIDENT of two successful companies of Internet, more late are http://www.adblaster4u.net where for $12/year no matter who can take part in the E-mail marketing to the subscribers paid without risk and the Spam freely. Source of article: http://Ezin! eArticles.com/?expert=Chris_Witter
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