Thursday, January 29, 2009

$7.15 really does suck

Since Adam Smith is the father of capitalism, I believe that Adam Smith would support the United States’ minimum wage. He believes that people should get what they deserve when they work hard. Adam Smith acknowledges that the poor society deserves a pay when they work hard, so setting a lower limit to how much a worker should be paid is a great idea and helps them to have some kind of an income. But on the other hand there are some factors about the minimum wage he would dislike. There is a great division between the owners of businesses and the workers. Generally, it is easier for owners to lower the minimum wage than workers to raise the minimum wage. Because owners have more power and more money, they have more say in the government and what decisions are made. Even though there are fewer owners in the country and a lot more workers, the money and power the owners have overrules the workers’ numbers. I think anyone, really, would like to see this gap between the two groups lessened. Also, Adam Smith would not be happy with how low the minimum wage actually is. From personal experience of earning the minimum wage (I worked as a hostess in a family-owned restaurant), $7.15 an hour really does suck. Yes, I usually only worked weekends due to schooling, but it is still really hard to afford bills, and well personal pleasures with that amount of money. I cannot even imagine being a poor family, earning the minimum wage, and having to scrape buy while paying the bills, groceries, and other necessities. If minimum wage was increased, I think it would be hard for Adam Smith to find a flaw in the law.

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