If there is one thing that I believe in, it is the fact that minimum wage is very important. If in case you do not know what minimum wage is, it is the standard amount that people get for working every hour.
The minimum wage is the lowest possible amount that can be given to the employee.
If the employer cannot pay the minimum amount, he is not recommended to hire an employee, because that will be against the law.
There are times when people are not aware about the different factors that are given consideration before the minimum amount of the wage is set.
Usually, countries set a minimum amount based on what they think the person needs in order to survive. Advantages of the Minimum Wage For some people who are not too aware about the different advantages of minimum wage, here are just some things to think about:
Makes Employees More Productive – There are times when people do not want to work anymore because they feel that they are not getting enough money to make them want to do the tasks that they have to do.
Having the minimum wage will at least let people feel that they are working for something, and will lead to being more productive at work.
Possibility of Leading More Comfortable Lives – If there is one thing that people would want to have, it is to have comfortable lives.
They would want to go into a home that they can proudly call their own. They want to have the ability to purchase the things that they need. With the minimum wage, this is all possible.
Makes Paying Bills Easier – One of the main reasons why the money that people earn is never enough is because they would have to pay a lot of bills.
From electricity, water and credit card bills, people are left with barely anything at the end, which makes them feel like they are just working to pay the bills. Right now, the prospect of having minimum wage can decrease this possibility.
While the above mentioned advantages are for the employees only, there are also some advantages that the employers may have such as the following:
Employers can ask their employees to improve on productivity so that more work can be done and more money will be received by the company.
Employers have the chance to weigh the various people who would like to work for the company, because the positions being offered should only be given to the best employees available.
I do believe that there are also some companies who are unable to comply with the minimum wage rules set by the different countries and it is unfortunate that these companies sometimes have no choice but to close down.
There are still some employees like the fast food workers in the US who have organized strikes in order to become noticed. They would want to get the incentives of minimum wage too and I know that they deserve it.