Raising minimum wage
Debate Rounds (3)
P2: By putting more money in people's pocket there will be more spending in the economy.
P3: inflation rises every year, but has been raised, just three times in the last three decades.
:.- therefor the minimum wage needs to be 10.74 in order to account for inflation over the past 40 years.
P1: The market should determine the value of labor and wages through natural means.
P2: Interfering with the market, by setting a minimum wage, could have negative effects like job loss on the economy, because it would force employers to pay wages beyond the market's demand and their own resources, causing them to lose money and be less profitable ultimately stunting the economy.
P3: If the market was left alone to be as it is without interference the results would be fair wages for all.
P4: Fair wages are better than set wages, because they properly pay people for their labor's worth.
Therefore, there should be no minimum wage.
P2: raising minimum wage means some of these people would be able to better support themselves without leaning as heavily on social programs and this would ultimately mean lower taxes or a reallocation of those funds to support other needs.
:- therefore, social programs should reduce the expense to a minimum
I believe the free market should determine its value and the government should worry about the personal issue like raising minimum wage.
P2: Forcing businesses to pay a minimum wage would be unethical because it could require businesses to pay a wage that makes their business unsustainable/profitable.
P3: People own businesses to be profitable.
P4: Profitable businesses are good for the economy, ultimately providing good paying jobs, so the need for a minimum wage is diminished.
P5: The government should care for the poor on its own regardless of minimum wage.
Therefore, we should not raise the minimum wage since it is bad for employers who are good for the economy in the long term.
P:2. The opposing side can argue that raising the minimum wage can hurt small businesses, However, as earlier mentioned raising the minimum wage will stimulate the economy and the money that the small businesses would be losing would be compensated by the money their earning from the increase in spending that comes as a result in the raise of minimum wage .
Therefore, raising the minimum wage will have a domino effect on the rest of the economy and benefit both businesses and it's employees.
P2: Wealth is created by an industrious society with members who pursue entrepreneurship, employing many people at a competitive wage.
P3: The minimum wage stunts small businesses by sucking up their resources, and stunting their growth.
P4: Having a higher minimum wage so that other classes could spend more is bad because those people may not necessarily spend their money, choosing to perhaps save it.
P5: The minimum wage would be useless if the economy was less regulated with things like a minimum wage because competition would drive wages up when the demand requires it.
Therefore we should not raise the minimum, and perhaps even get rid of it.
1 votes has been placed for this debate.
Vote Placed by Luxray2854 1 year ago
|Agreed with before the debate:||-||-||0 points|
|Agreed with after the debate:||-||-||0 points|
|Who had better conduct:||-||-||1 point|
|Had better spelling and grammar:||-||-||1 point|
|Made more convincing arguments:||-||-||3 points|
|Used the most reliable sources:||-||-||2 points|
|Total points awarded:||5||1|
Reasons for voting decision: Good debate.
You are not eligible to vote on this debate
This debate has been configured to only allow voters who meet the requirements set by the debaters. This debate either has an Elo score requirement or is to be voted on by a select panel of judges.