to be honest i dont think there should be a minimum wage. why? because a national minimum wage has no affect on standard of living. if you think about it for a bit im sure you will figure out why.
What has made outsourcing a viable alternative?
Indian programs make $11,000 a year but have the same standard of living as a programmer earning $60,000 here in the states. What has caused this??
Thinking logically the significant difference is the minimum wage laws of the United States. If you dictate that a worker has to earn above a certain amount the cost of living will rise to meet that amount. This is true because companies must increase prices on their products to keep their profit margin intact. This is only the first stage.
In the second stage skilled workers that were making above the minimum wage at this point will start demanding raises because all of the sudden the amount they are making is not enough to support the standard of living they are used to.
This cycle will continue all the way to the top.
In the end the poor worker the people were trying to help by increasing the minimum wage is in the exact same position.
That's when outsourcing creeps in. After a hundred year of this cycle of increased minimum wages the United States is at the breaking point. It began with manufacturing and will continue till all of us are working at a local burger king flipping burgers.
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to be honest i dont think there should be a minimum wage. why? because a national minimum wage has no affect on standard of living. if you think about it for a bit im sure you will figure out why.
What has made outsourcing a viable alternative? Indian programs make $11,000 a year but have the same standard of living as a programmer earning $60,000 here in the states. What has caused this?? Thinking logically the significant difference is the minimum wage laws of the United States. If you dictate that a worker has to earn above a certain amount the cost of living will rise to meet that amount. This is true because companies must increase prices on their products to keep their profit margin intact. This is only the first stage. In the second stage skilled workers that were making above the minimum wage at this point will start demanding raises because all of the sudden the amount they are making is not enough to support the standard of living they are used to. This cycle will continue all the way to the top. In the end the poor worker the people were trying to help by increasing the minimum wage is in the exact same position. That's when outsourcing creeps in. After a hundred year of this cycle of increased minimum wages the United States is at the breaking point. It began with manufacturing and will continue till all of us are working at a local burger king flipping burgers.