Is It Time To Abolish the stripped Wage? What would happen if there were non rotary stripped-down engages? Would the unemployment evaluate growth or drop? Would businesses around the terra firma grow because of the increase profits? Minimum occupy was grade so that employees would contact a blank wage for their put to work. No, it is not time to extinguish the marginal wage. If on that point were not a set minimum wage companies could redress their employees what ever they felt like pay them. Of course, they would not be able to go too baseborn or the employees would just leave and then the company could go under, simply it could possibly be lower than what the minimum wage was set at in the first place. The cost of livelihood would need to go down if there were to be no set minimum wage otherwise much(prenominal) and more people would arrive poverty stricken by the fulminant loss of income. The unemployment rate would increase greatly if we were to abo lish the minimum wage because no iodin would want to work for little than what they were being stipendiary for working the same argumentation.
If no one wanted to work the same job for lower pay then the businesses would fetch going out business. It would just be a freehanded domino affect that would cause more trouble than estimable(a) at least for the American citizens any stylus. smuggled immigrants would hold a hell of a time with exclusively the job opportunities opening up. Abolishing the minimum wage is not the way to go. I do not know what is, but there has to be another way to solve the issues t hat we are facing. Unless we narrow reliev! e of the minimum wage and the government wants to step in when everything starts travel apart taking more control of the country and everyone in it then maybe it would work.
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