Greed In America

“A wise and frugal government, which shall restrain men form injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of a good government”(Jefferson, 1801). As Jefferson has said it before, but now one has followed his wise words, which were able to change, how America looks today. If you look at how strong the dollar 60 or 70 years ago, and how just one dollar is equal to $9.87. Imagine if such justice for the people could have made modern life a utopia, where the whole world would envy the United States. Nowadays greed has taken over the minds of business owners, their ego has been

Describing themselves as the class that will sustain the power to control the economy on their wants. Business owners claim that such a raise would result in lower profit for businesses, increase in prices, cutting off some workers to be able to stick to the minimum wage, which leads to a lot of people losing their jobs (Mejeur, Jeanne, 2014). A study done by David Neumark , and economics professor at the University of California, and William Wascher deputy director of research and statistics at the Broad of Governors of the Federal Reserve system . “[m]inimum wages may harm the least skilled workers more than is suggested by the net dis-employment effects estimated in many studies." The increase may lead to a disadvantage of unskilled workers because it would be expensive training them. Training them means that more money needs to be spent, in addition to trying to keep up with the increase and the demands of the workers. Increasing the minimum wage is only going to affect the people working. On the other hand, it would trigger a loss of jobs or the people who are looking for jobs. President Obama has proposed a raise, so it can help the poor. Unfortunately, Mr. President miscalculated the outcome because first people living in poverty don’t work thus are not affected by the increase. Second, Data from the Bureau of Labor Statistics show

People are in need of a raise, they need something that would help them live a better life. Democracy exist for people to choose whom meets their expectations, and makes it a reality. Such an act would have a great advantage on the economy making it a stronger economy in time .It would also benefit the society as a whole, making it more balanced .In order to do that the government must balance minimum wage with inflation, otherwise inflation is just increasing leaving minimum wage behind. Business owners want to keep the wages as it is with no increase. That’s because they want to sustain their profit, with no decrease. They make unfounded connections by equating a raise with economic crisis , owners would have to cut off worker to keep up with wages, and that it would result in lower profit. Workers would then save money by not relying on social programs .This issue is really important, where it discusses three major points, the effect of minimum wage on the economy, inequality that has risen due to the huge gap between classes, and how it would make a difference for the American citizen living under the poverty line. One aspect that wasn’t mentioned in the literature is, if minimum having the government incumbents solve this problem. The second is considering increasing the number of state laws that mandate that minimum wage increase whenever inflation