Minimum Wage Ethical Issue Essay

Minimum wage has been an ethical and economical dilemma for decades and has many sceptics weather it is beneficial or not. Many people have debated weather raising minimum wage would have positive, negative, or no effect at all. There has been claims of all effects from more employment to unemployment and if it would affect the prices of our goods and services. There has been prediction that if the minimum wage is increased it would cause people to lose jobs because the amount of profit would decrease so they would have to disemploye people to meet the business profit. Or if minimum wage is increased the goods and services would have to increase as well to meet the demand of pay for the employees, in turn the higher positions would also have to increase pay to keep the difference of each level of leadership the same. On the other hand people have said it would benefit the economy by increasing minimum wage.

Also it would keep moral high and work effectiveness would be increased and would benefit businesses output of goods and services to make more profit. There are also many ethical issues to both sides of the argument. These ethical issues can also lead to the increase, decrease, and maintaining the wage. A good example is if immigrants are treated properly when finding a job and being paid like the others. With their language barrier and their understanding of the issue can be limited in foreign countries which can result in an ethical issue to both the employee and the employer. This can also be a positive as I can benefit the poor and can give them the opportunity a job and get out of poverty. This paper will give more in-depth detail of the pros, cons, and if raising minimum wage is ethic or not will give you my thoughts and feelings of the ideas and norms of this topic and how this can affect the economy and if this is ethical from my stand