Fair Wages Must Change and Be the Same for All People

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Recommended: Positive implications from increasing the minimum wage

Fair wages must change, and be equalized for all people. CEO Jon Cooper believes that the minimum wage limit should be changed and should be changed to better the employees. Mr. Cooper is president of a manufacturing company, this company holds only holds 150 employees but all is paid higher than fair wage. Mr. Cooper advocates for the increase of minimum wage, it is something he holds with a great deal of passion. Minimum wage is just $7.25 an hour it was been at that maker since July 24, 2009.
Fair wages provides a foundation to our business community that we can build into a strong economic system. Mr. Cooper believes that wages are a 80 percent part of the success at his company. Mr. Cooper is the CEO for Spectronics Corporation, the world's leading manufacturer of ultraviolet equipment and fluorescent materials. There is not a single doubt that increasing the minimum wage will help with success across our nation. The increase will cause consumer spending, according to the IRS “ Consumer spending makes up for 70 percent of our nation’s economic system.
Weak consumer demand is the biggest problem faced by businesses in today’s time. Pushing economic growth by boosting consumer spending is the reaping result from the increase of minimum wage. By allowing someone to buy goods they cannot afford now, creates a boost due to the facet of revenue cycling back through small businesses. That’s also good for our tax base.
Raising the minimum wage will lower the rate of employee Turnover, by doing this you create lower cost of hiring and training. Higher wages can also be a positive by increased productivity. According to the Better Business Bureau, “When an employee has investments inside the business he or she is employed at, he or sh...

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...r businesses paid in 1960’s. The increase of minimum wage is a need that has been overdue in our country for many years.

Works Cited

Bercusson, Brian. Fair wages resolutions. London: Mansell Information Pub., 1978. Print.
Skinner, Jim. Fair wages and public sector contracts. London: Fabian Society, 1973. Print.
Macdonald, James E.. "Just Prices and Fair Wages: An Ancient Idea Compared with a Modern One." Indian Journal of Economics and Business 1 Mar. 2006: 23-24. Print.
Green-Wood, William. "FAIR WAGES: STRENGTHENING CORPORATE SOCIAL RESPONSIBILITY.." States News Service [Denver] 19 Jan. 2011: 14-20. Print.
Lee, Ginna. "The Hill: Jon Cooper, Low minimum wage undermines economy | Business For a Fair Minimum Wage." The Hill: Jon Cooper, Low minimum wage undermines economy | Business For a Fair Minimum Wage. Version 2. Sklar Reed, 12 Oct. 2013. Web. 1 Dec. 2013.

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