Why There Shouldn't Be A Minimum Wage | The Odyssey Online
Start writing a post
Politics and Activism

Why There Shouldn't Be A Minimum Wage

The free market is superior to all other alternatives.

1686
Why There Shouldn't Be A Minimum Wage
joemygod.com

Often in the debate of whether the minimum wage ought to remain the same or drastically increase to some $10 or $15 per hour, we forget one, better, option: abolish the minimum wage completely. Perhaps now is a good time to focus on this, in light of Wendy's reaction to the legislation passed in California and New York to increase the minimum wage now to $10/hour, increasing it gradually to $15/hour. Wendy's, and probably soon McDonald's as well as most employers with minimum wage employees will find ways to computerize or otherwise do away with their minimum wage employees. Walmarts have had self-checkout kiosk's for a few years now, with its competitors like Target following suit shortly after.

The higher the minimum wage gets, the more self-serving stations will replace minimum wage employees. What else would you expect? Raising the minimum wage will not magically give everyone more money. The managers and higher-ups of companies have to pay the minimum wage employees, and they pay them out of the money the business makes, the same money they pay everyone else with. Suddenly, they have to drastically increase, and soon double, what they're currently paying each employee. Their minimum wage employees are now costing them twice as much while their productivity and profits remain static. They have two options: decrease profits, which in some cases would lead to bankruptcy, or let some people go.

Who will be let go? The owners obviously won't be, not the executives who have years of experience with the companies, the managers probably won't be let go either, because someone has to be in charge of each individual store or restaurant in a chain, and so the only other option is the bottom line, minimum wage employees. But someone needs to do their job - without them there is no business to have. But wait, there's technology. They can let all of them go, not most of them, not some of them but, over time, all of them, and replace them with computers that allow the customer to order the food themselves. And the company can only benefit.

There will be no mistakes in the order because the customer typed it in themselves (there could of course be a mistake in the actual making/preparing of the product but this is inevitable to some extent), they don't have to pay anything besides the initial cost and maintenance of the machine, and then no matter what the minimum wage is their labor costs will not change. But employers want to have people working as the face of their company, not machines, because they are more personable, and are more likely to provide increased sales.

If there is no minimum wage at all, people will likely be paid more, or at least the same, as they are now anyway. Abolishing the minimum wage will force employers to offer competitive hourly wages so that they can get the best workers. If, for example, McDonald's employees are making $6/hour, but Burger King employees are making $10/hour, then Burger King will be flooded with applications, and those who apply at McDonald's will mostly be Burger King rejects. Let capitalism, the most successful economic tool of all time, do its work: abolish the minimum wage.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Entertainment

15 Times Michael Scott's Life Was Worse Than Your Life

Because have you ever had to endure grilling your foot on a George Foreman?

2021
Michael Scott
NBC

Most of the time, the world's (self-proclaimed) greatest boss is just that, the greatest. I mean, come on, he's Michael Freakin' Scott after all! But every once in a while, his life hits a bit of a speed bump. (or he actually hits Meredith...) So if you personally are struggling through a hard time, you know what they say: misery loves company! Here are 15 times Michael Scott's life was worse than your life:

Keep Reading...Show less
Featured

12 Midnight NYE: Fun Ideas!

This isn't just for the single Pringles out there either, folks

16699
Friends celebrating the New Years!
StableDiffusion

When the clock strikes twelve midnight on New Year's Eve, do you ever find yourself lost regarding what to do during that big moment? It's a very important moment. It is the first moment of the New Year, doesn't it seem like you should be doing something grand, something meaningful, something spontaneous? Sure, many decide to spend the moment on the lips of another, but what good is that? Take a look at these other suggestions on how to ring in the New Year that are much more spectacular and exciting than a simple little kiss.

Keep Reading...Show less
piano
Digital Trends

I am very serious about the Christmas season. It's one of my favorite things, and I love it all from gift-giving to baking to the decorations, but I especially love Christmas music. Here are 11 songs you should consider adding to your Christmas playlists.

Keep Reading...Show less
campus
CampusExplorer

New year, new semester, not the same old thing. This semester will be a semester to redeem all the mistakes made in the previous five months.

1. I will wake up (sorta) on time for class.

Let's face it, last semester you woke up with enough time to brush your teeth and get to class and even then you were about 10 minutes late and rollin' in with some pretty unfortunate bed head. This semester we will set our alarms, wake up with time to get ready, and get to class on time!

Keep Reading...Show less
Student Life

The 5 Painfully True Stages Of Camping Out At The Library

For those long nights that turn into mornings when the struggle is real.

3552
woman reading a book while sitting on black leather 3-seat couch
Photo by Seven Shooter on Unsplash

And so it begins.

1. Walk in motivated and ready to rock

Camping out at the library is not for the faint of heart. You need to go in as a warrior. You usually have brought supplies (laptop, chargers, and textbooks) and sustenance (water, snacks, and blanket/sweatpants) since the battle will be for an undetermined length of time. Perhaps it is one assignment or perhaps it's four. You are motivated and prepared; you don’t doubt the assignment(s) will take time, but you know it couldn’t be that long.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments