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 make any count of articles, and essays detailing why it shouldnt be done. As detailed or as long winded as these articles are, they all have one fundamental 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(prenominal) 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 comforting 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 its not just Wal-mart, only 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 w hy. The reason is simple. Its greed. The more(prenominal) 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 youre stupid if you think you have the same opportunities to obtain wealth as those Wal-mart and Target CEOs. The fair play 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 proletarian 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 severe truth is the majority of people on these programs work full-time jobs, and arent the only ones in their households doing so. To reiterate the point being made a higher(prenominal) 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 indite 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. Im just stating that theyre wrong, and that this essay proves it.