Debate Rounds (3)
Round 2 = Presentation of views
Round 3 = Rebutalls
I am going to debate (pro) that the minimum wage should exist.
Also only 15% of Americans live below the poverty level.
Although the USA government debts are decreasing...
, we could easily just borrow money from other countries and print US Million dollar bills for the money we borrowed then repay the money we borrowed and still have a profit.
http://www.slideshare.net... (Slide 14)
All a minimum wage does is increase the costs of production. More expensive production means less demand. Less demand means less profit. Less profit means that the company may need to let some people go. It is far better to not have a minimum wage and keep unemployment down.
Then there is the inflation problem. A minimum wage will increase the money paid, but drive the purchasing power down. If the minimum wage were kicked to $15/hr, eventually, firms will charge more, to get more money out of what is being paid, so all you've done is ruin some people's savings accounts and spend more for the same things. Where are your gains now?
The minimum wage hurts everyone in the long run because of this.
15% of that might die only because Mcdonalds is allowed to pay a penny per day. 15% of 320,970,000 is 48,185,500 people. That's a lot. Too much.
Hope I'd convinced you. Vote Pro ;)
Another thing is that most of the minimum wage jobs are entry-level. This means that there is advancement taking place, which means no more being paid minimum wage.
A lot of entry-level jobs are filled by punk kids, and they are often promoted out. In very few cases are they the primary wage-earners.
If the cost goes up, everything else goes up, and the poverty line goes up to meet it, bringing possibly even more people below it, if wages that aren't minimum wage don't rise to compensate.
In short, minimum wages are a Kafka loop. You perceive you aren't earning enough to support your lifestyle. You band together with other people. You get your wage hike. You have it okay. Then the prices rise... Rinse and repeat.
Meanwhile... Another guy reads the newspaper. Hmm, prices just went up. Must be because of the minimum wage going up again.
Also, Pro's "penny a day" argument is nothing but fearmongering. If McDonalds only paid a penny a day, like in the example Pro provided, nobody would want to work for them, because it would benefit them more to accept government transference payments. If there is a large concentration of people who are not being paid much, there's not much they can buy, and businesses go belly-up. Businesses are institutions that exist to earn profit. If they are not earning profit because they are closing down due to lack of customers/personnel, then they are not earning profit, and are failing. The market will take care of those exploiters very quickly. If they are in a position to exploit people, they won't abuse it. If they do, and get away with it, check your local legislative body for protectionism.
The two main opponents of a minimum wage, in reality, are inflation and your local AD/AS graph.
This was a fun debate. It's good to see Pro spreading his wings here, but for now, vote Con.
1 votes has been placed for this debate.
Vote Placed by banjos42 1 year ago
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