The Instigator
koltons23
Pro (for)
Losing
0 Points
The Contender
funnycn
Con (against)
Winning
8 Points

Should the federal minimum wage be set to automatically increase with inflation?

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Post Voting Period
The voting period for this debate has ended.
after 2 votes the winner is...
funnycn
Voting Style: Open Point System: 7 Point
Started: 10/7/2014 Category: Politics
Updated: 2 years ago Status: Post Voting Period
Viewed: 351 times Debate No: 62781
Debate Rounds (5)
Comments (1)
Votes (2)

 

koltons23

Pro

Minimum wage should be set automatically increased with inflation. It needs to be that way because if you are a single mother, father, or living buy your self living pay check to pay check. So if you are making $7.25 and gas eventually gets up to $5.00 per gallon. That is not enough for food, electricity, water, and phone bill. Also I would say no because the prices of most things will keep on rising. Being able to survive off a 7.25 cent budget is hard to do.
funnycn

Con

The minimum wage is $7.25. Now, if you were to increase this to match inflation, there would be some issues.

Worker Joe makes $7.25 an hour and there is 1.6% inflation right now. Seems small but it really isn't. The higher ups are still making about $10 an hour. To match inflation, Worker Joe would now make $7.36. This is actually more than you think. Let's say at a fast food restaurant they work for 8 hours a day, still making $7.25.

At the end of the day everyone would make $58. Let's say there are 10 people in the kitchen and working the cash register in total working for minimum wage. That would cost the business $580 a day for the workers.

Now if you were to increase minimum wage match inflation it would look like this.

$58.88 a day, $588.8 for each worker. That's an 8 cent INCREASE to match inflation. Annually, if we were to match inflation the annual cost to keep the workers would be $7065.6.

Without matching inflation, the cost to keep the workers annually would be $6,960. That's a HUGE cost difference. If we were to match inflation, the business would run out of money and have to close down. Then what would happen? Everyone that was getting paid would lose their jobs. So much for surviving on minimum wage that matches inflation.

So in short, increasing minimum wage would cost businesses hundreds of dollars MORE and would actually make LESS jobs and would backfire. If you really want them to survive, keep minimum wage the same.
Debate Round No. 1
koltons23

Pro

koltons23 forfeited this round.
funnycn

Con

Forfeiture
Debate Round No. 2
koltons23

Pro

koltons23 forfeited this round.
funnycn

Con

Forfeiture
Debate Round No. 3
koltons23

Pro

koltons23 forfeited this round.
funnycn

Con

Why......WHYYYY!
Debate Round No. 4
koltons23

Pro

koltons23 forfeited this round.
Debate Round No. 5
1 comment has been posted on this debate.
Posted by funnycn 2 years ago
funnycn
Are you the same guy I debated this with?
2 votes have been placed for this debate. Showing 1 through 2 records.
Vote Placed by lannan13 2 years ago
lannan13
koltons23funnycnTied
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Total points awarded:04 
Reasons for voting decision: Forfeiture
Vote Placed by Jzyehoshua 2 years ago
Jzyehoshua
koltons23funnycnTied
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Total points awarded:04 
Reasons for voting decision: On top of this a minimum wage increase causes inflation so matching it to inflation is senseless, it's a neverending cycle. However as pointed out by Con it ultimately makes poor economic sense and ultimately destroys the jobs involved. Matching the minimum wage to inflation is an emotional argument, not a logical one, and cannot be supported with mathematics.