Maintaining aÂ capitalistic, supply and demand system to shape the national wageÂ structure has always been the mantra of business owners here sinceÂ the first call for a national minimum wage appeared in the 1930's.Â There is a prevalent argument that a minimum wage system is a symbolÂ of a welfare state or socialism, and it impedes on the operationalÂ efficiency of businesses. In addition, there is a fear that a highÂ across the board increase of wages will result in downsizing, asÂ businesses struggles to maintain their bottom line
Of course, onÂ the flip side, advocates of the national minimum wage points out thatÂ too often businesses hide behind the profitability argument, ignoringÂ the fact that people must be fairly compensated for theirÂ contributions to a company, and not expected to sacrifice for largeÂ enterprises. Asking workers to accept lower wages is akin to askingÂ the average worker to bear the burden of subsidizing the runningÂ costs of big businesses. There is also the fear that businesses oftenÂ engage in a cartel like behavior to set an 'appropriate'; wageÂ structure, thus denying market forces from determining the correctÂ wage level.
â€˘ The minimum wage is too low but thatâ€™s not new to anyone. Unfortunately itâ€™s called minimum for a reason. Itâ€™s the least amount they are allowed to pay you. It really should be more.
â€˘ Does not favor a proposed constitutional amendment that would increase the minimum wage for inflation annually.