According the Bernie Sanders, America's one true hope for a social democracy that truly values and protects the working and middle classes, minimum wage pay is simply not enough for millions of Americans to support themselves and their families. I wager that in light of the wisdom found in Bernie Sanders' campaign website, that by raising the minimum wage to 15 dollars an hour, the American economy will finally feel the kind of stimulation that it needs as millions will be taking home more income, which will inevitably be put right back into the economy. Therefore, I agree with and argue adamantly for Bernie Sanders ideas on labor regulations. Over time, the minimum wage should be significantly raised.
While I believe that everyone in America stands by the right for individuals to earn a "living wage," increasing the federally mandated minimum wage to 15 dollars an hour is not an effective or sustainable way to help Americans support themselves and their families. Based on position statements on the Marco Rubio website, Rubio and other conservative Republicans indicate that increasing minimum wage through federal law would be seriously detrimental to small businesses across the country who would not be able to sustain the increase - and therefore risk going out of business. If that happens, unemployment would soar and the very people who were meant to benefit from the minimum wage increase would find themselves in a much worse financial situation, as a result. The logic that increasing the take home income of Americans will put money right back into the economy is fundamentally flawed based on the fact that it takes significant amounts of time for that money to trickle back up to the businesses that are supposedly sustaining the growth through payroll. Instead, I would argue that Marco Rubio's top-down approach - in which tax cuts for businesses, along with smarter economic policies, would help to create jobs that pay more. Historically, minimum wage laws have not helped the middle class attain more prosperity; they simply deplete small business' ability to sustain economic and fiscal growth.
On the contrary, the so-called Republican standard "trickle down" effect paradigm is fundamentally flawed. Big businesses and companies are always going to seek cheap labor in order to cut down on overhead costs so they can turn more of a profit. The CEOs at the top can donate to charities and institutions or offer bonuses for employees when the company does well but in the end the money trickles down only so far and it grows thinner the farther it trickles. Currently, lower-income Americans relying on minimum wage jobs do not have much of a safety net, nor even a way to keep up with inflation, really. Every society will have a lower-income class, and the strong and just societies should protect and strengthen this class. For as Sanders stipulates: "Millions of American employees have been working 50 or 60 hours a week while receiving no overtime pay. That is why Bernie has been encouraging the Obama Administration to ensure that more workers receive overtime pay protection. The Administration"s new rule extending that protection to everyone making less than $947 a week is a step in the right direction. It is a win for our economy and for our workers" (BernieSanders.com). Hence, Sanders is truly fighting for American workers and families. Plus, increased wages and overtime and other things like paid family leave will ease the constant stress of the American worker. Research has shown that when people are not stressed, grinding out long hours at work, they actually are more productive: http://www.cnbc.com....
Therefore, protecting workers with dignified wages and not overworking them will actually make our economy more productive. It's a win-win situation. Vote for Bernie!
Even right here on Debate.org, the vast majority of people side with Ben Carson in believing that raising the minimum wage would increase unemployment. (See http://www.debate.org...). Beyond that, raising minimum wage across the board (such as the federal mandate proposed by Sanders) would inevitably result in businesses raising goods and services prices to account for the additional money they are spending in payroll which would not only negate any benefit, (maybe people make more, but if they have to spend more - it's a wash) but would also put even more financial strain on middle-class Americans who were meant to benefit from the wage hike in the first place. As businesses start looking to cut costs (to make up for higher wages), it's very likely that benefits (such as paid time off, employee reimbursement, tuition assistance, and other perks) would be drastically reduced or cut. Employees would then have to pay for these expenses out of their own pockets, further reducing their effective take-home pay.
Raising the federal minimum wage is not an effective or sustainable way to accomplish the goals that Sanders is fighting for. Although it seems like a federally mandated minimum wage of $15 per hour would improve the financial situation of millions of Americans, it would actually bring about serious negative consequences for businesses, middle-class American families, and our economy as a whole.