Capitalism & labor exploitation.

During these times the economic crisis is making everyone struggle, unfortunately some more than others. There is a controversy with the president’s proposition to raise the minimum wage to $9 mostly coming from those who have money and are employers. The rich fail to realize that everything  that we need in order to survive increases except the salary. This January the taxes increased about 4%, which caused worker to earn less than they did last year, even with a raise. Imagine if you didn’t get a raise? how much less are you making now than what you did a month ago? I am speaking from personal experience with myself and coworkers. We receive a raise every year, and this year when we saw our first paycheck we realized that even with the raise we were making less money per week then we did last year; mind you we get paid by salary and not by hours. Seems like the more money companies make; the harder it is to give their employees a substantial raise. For example there was an article about McDonald’s complaining about the president’s decision to raise the minimum wage to $9 which I found to be very disappointing.  Why is it so difficult for them to raise their employees hourly salary from $7.25 to $9, when one of their meals is about $9? Is not like their sales are low. People are always going there to get food at any time of the day. In whose right mind can a person who has a family live comfortably with $7.25 and hour? No one can. I just hope that the minimum is raised because it will help a little bit every family that is struggling. When you are in the lower class branch every penny counts. I believe that the more  company makes the less they want to pay its employees. These employers might argue that they have things to pay for the company such as taxes, bills, etc, but they don’t stop to think that if their employees are happy they might work better. instead of exploiting their services.?  Apparently not. I see thir dilemma in a way, but at the end of the days the consumers are the ones paying for all of that.  I just hope that one days these employers see the struggles that its employees go thru every single day and how hard they have to work in order to make ends meet, and realize that every dollar that is taken away makes a big difference for them and their family. Things are only getting harder in this country and in many others, if it keeps going i don’t know where will we end up.

Here are a few links that i thought would be useful.

The Minimum Wage STILL Isn’t a Good Idea

$9 Minimum Wage to Hurt McDonald’s?

 

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2 responses to “Capitalism & labor exploitation.

  1. The *minimum wage* is a subject of great debate these days. When adjusted for “purchasing power parity,” 1960’s minimum wage would amount to over $20/hr today:
    https://soc331.wordpress.com/2013/02/21/facebook-memes/

    Another aspect of this story is how such low wages leave most workers at places like McDonalds or Walmart eligible for public assistance, e.g., food stamps and Medicaid. So taxpayers are essentially subsidizing these companies, substituting government benefits for the withheld wages.
    http://grist.org/food/oh-snap-are-food-stamps-another-subsidy-for-big-food/

    An intriguing question is what Marx would make of minimum wage policies, as someone who had little hope that government regulations, esp. when confined to particular wealthy countries, would do much to help the working class in the long run.

  2. Today’s crisis has effected many people on different ways jobs, housing, food prices etc. from my point of view the best possible solution is to inject money into the economy and lower the tax rate, that way many goods prices will drop because the sellers have enough money to supply their needs, which allow them to lower the prices to attract more people. When goods prices drop, more people will buy them, this will provide jobs as employers will need more employees as their customers increase, and this will revive the economy up and going again.

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