Thursday, April 21, 2011

Are we good Consumers?

Minimum wage is the lowest employers are legally allowed to pay the workers, and it turns out that it it the wage at which they may sell their labor. Supporters of minimum wage say that it increases the standard living of workers,and reduces poverty, but people who oppose it, say that it increases unemployment among workers with very low productivity due to inexperience, and lesser skilled workers can benefit from them better skilled workers. U.S. workers are not benefiting from the other sweatshops because us as consumers are not buying their goods because, first of all, we are getting the same goods at lower prices, and second, we get more choices  from outside trading. It is necessary for us to keep buying goods from overseas because we do not have to pay so much. Even if we try to purchase U.S. goods, we won't have as much choice, and as consumers we are hungry for different choices. It would help if we purchase our own goods, but then no would want to trade goods with us, and we will be less on resources.

-R

No comments:

Post a Comment