The minimum wage in the philippines needs to be raised in order to provide filipinos a better quality of life
determine which part is the claim and counterclaim.
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The minimum wage in the philippines needs to be raised in order to provide filipinos a better quality of life
determine which part is the claim and counterclaim.
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Answer:
“Raising the minimum wage will reduce entry level jobs and cause greater debt to the country.”
Besides the aforementioned, raising the minimum wage will reduce entry-level jobs in the country. Most families and bread winners are entry-level job workers and with the increase in minimum wage, the chances of getting unemployed will increase. With the pandemic still happening, businesses are not yet in full operation. Raising the minimum wage could greatly affect the businesses who are not earning enough than before the pandemic started. With the decline in business profits, the country’s economy consequently declined as well. With the the only resort of families and businesses is to go bankrupt or be in debt. The minimum wage was designed to ensure that anyone working full-time could not only live, but also support a family on a modest but secure income. People in entry-level jobs work a complete shift of varied types of labor, and they are entitled to a dignified living when they return home. It should be a fundamental right of the employees to be treated with basic human dignity and fair compensation for their economic contributions. The minimum wage does not offer enough income to survive on since it does not increase in line with inflation; the minimum wage can only be increased through action by the government (Kagan, 2021). Also, the minimum wage was created so businesses couldn’t pay a person less than a living wage, as no company should be able to exist if it can’t pay its workers a living wage. By raising the minimum wage, the increase in employee morale could easily translate into more tangible benefits, such as increased employee retention and reduced hiring and training costs. Employees who are more inclined to stay with a company longer could benefit from greater advancement and from an overall reduction in job-related relocation expenses (Maverick, 2021). The increasing debt of the country due to businesses going bankrupt is only a logical fallacy which is used to derail the conversation and ignore the problem. With bankruptcy as an option, people or businesses may work with a bankruptcy lawyer to find a solution that allows them to continue working, paying taxes, and spending, all of which helps boost the economy.
Explanation: