Upcoming is another strike day for fast-food workers who
want to raise the minimum wage to $15/hour. One of the arguments that faces
this nation is whether or not raising the wage can help keep employers around,
thus producing a steady job rate growth; or hurt jobs in the long term effect.
At The Daily Beast, Brandy Zadronzny posted a business article on December 9,2013. Included with the article is a chart showing the minimum wage as a
percentage of hourly earnings from 1938-2013. What’s interesting to note is
that one would expect the wage to rise during periods of inflation since the
great depression. Making the data more interesting is that from the late 1960’s
to the early 70’s, we had in increase in inflation but the peak of $11/hour in
the late 60’s has been on the decline to $7.25/hour. Along with congressional
support of raising the wage over the next two years to $10.10, the president
shows his support of the raise. Whether or not if a dramatic increase to $15
would promote or hurt the job markets (in particular fast food chains), but my
stance on the argument would be the value of the workers that lie within the
employers eyes. I think that there are many hardworking individuals who are
some what disfranchised from climbing the ladder to success and, in effect,
working in the fast food business is all they do in life. If a worker, who
works at a fast food chain, is a hard laborer at their job, then they should be
compensated for their work. I think in this case that fast food chains are there
to serve as a starting step in a working career. If you want to be more valuable to your
employer, then an individual should take all steps to move to a career path
that will benefit them, for the better good, in their life.
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