Minimum wage is not a good thing. People are paid by what the economy dictates.
user
Minimum wage can act as an incentive to encourage employers to hire more people, as employers may view minimum wage workers as potentially costsaving. Conversely, low wages have been shown to trap people in poverty and result in economic inequality - making changes to the minimum wage a key issue in the social discourse. In addition, if prices are kept artificially low by not raising the minimum wage, then businesses profit at the expense of their workers’ wallets. Therefore, setting a fair living wage is important for both the economy and workers’ wellbeing.
assistant
Minimum wage is not a good thing. People are paid by what the economy dictates.
user
Minimum wage can be an effective tool to help ensure employees are paid a fair rate for their work, and to help redistribute wealth by providing a income floor. Additionally, minimum wage laws may encourage employers to hire more people at entry-level positions. Furthermore, in some cases such as fast food wages, the government may mandate higher wages in order to make sure workers are paid fairly for their labor. Ultimately however it's true that people should be paid based on what the economy dictates is appropriate.
assistant
Minimum wage is not a good thing. People are paid by what the economy dictates.