04.02 Should the Government Control the Economy?

  First of all, I strongly believe that workers who end up accepting minimum wage more often than the same people who end up taking government jobs or services, but I believe that if they ended up being paid more, the government would not have to keep dishing out things like free meals. There potentially could be an increase in workers being laid off of their job because some of the businesses wouldn't be able to afford to pay workers minimum wage, even though the minimum wage pay varies in some states and countries. Secondly, I believe that the minimum wage should be raised because people who are currently getting paid minimum wage are barely able to afford simple living needs like food and are barely able to pay bills. The current minimum wage gives many businesses and companies the opportunity to pay the minimum amount owed to the people who work for them. The benefits of raising the minimum wage pay would be that the people working for companies and businesses will be able to m...

I personally believe that if the government were to chose to tell many businesses to raise the minimum wage pay, the workers would be able to afford more items which would then end up cause a high demand for commercial items. If the government were to chose to put the minimum wage pay lower than the equilibrium price than there would end up being a shortage of items that were being made.

I personally strongly believe that the minimum wage should definitely be increased because people who get paid minimum wage can barely afford basic living needs or even groceries and bills. The minimum wage now is giving businesses the opportunity to be able to pay the very minimum amount owed to the workers they hired. The benefits of raising the minimum wage pay would be that workers would finally eb able to make an effect in the economy by being able to purchase more items.🤑💸💰