Raising the Minimum Wage for the Lower Class Is Actually Good for the E

Do a search online about raising the minimum wage and you will see any number of articles, and essays detailing why it shouldn’t be done. As detailed or as long winded as these articles are, they all have one central argument, and that is; if we raise the wages of the lower class, than the providers of goods and services will have to raise their prices, which in turn makes everything go up. To this I say bah humbug. It is asinine to think that a company such as Wal-mart whose CEO makes an annual salary of $20.7 million would have to raise prices along with employee salaries in order to make any substantial profit margin. This is simply not true, especially when you consider that the average Wal-mart employee only makes close to $9.00 an hour, and it’s not just Wal-mart, but other consumer based companies, such as Target, and TJ MAXX. The CEOs of these companies make ridiculously high salaries while not even paying their workforce enough to live on. The question is why. The reason is simple. It’s greed. The more a CEO makes the more they want to make. The economy is no longer about providing a good or service for the population at large, but about amassing as much wealth as possible, and you’re stupid if you think you have the same opportunities to obtain wealth as those Wal-mart and Target CEOs. The truth is the deck is stacked against you, and it keeps getting worse as the world moves along its orbit. The economy has become based largely on the trading and selling of commodities, and the worker has become a cheap disposable commodity, to be used up by megalomaniacs who sit atop cash mountains, casting down crumbs as they see fit. The collective bargaining rights of the worker are disappearing at alarming rates. Data from the... ...some sort of nanny state to make everyone dependent upon the Socialist government. The hard truth is the majority of people on these programs work full-time jobs, and aren’t the only ones in their households doing so. To reiterate the point being made a higher wage means less people on welfare, and it frees up tax money that could be used for other things, or it could go back into the pockets of the American worker. Many would read this and call me a Socialist, and if offering an argument in favor of the rights of workers makes me a Socialist then so be it. The blogs and articles and essays, some written by economists with advanced degrees, people academically more capable than I am, will continue to deride the raising of wages for the low class worker, or the need for regulation to be put in place. I’m just stating that they’re wrong, and that this essay proves it.