economincs

A detailed Summary of economincs

When was the last time a "value" meal from McDonald, let alone any other fast food chain, did not cost five dollars or more? When was the last time premium gas was under a dollar a gallon? It's hard to remember, isn't it?

Wouldn't it be great if everything cost a nickel, like back in the good ol' days?

According to the laws of economics, it's not logical for things

to have gotten more expensive competition should drive prices down. Then

why have prices continued to rise over the years?The continuing demand of

more money for less work has forced Uncle Sam to raise the minimum wage

innumerable times in the last half century, which results in higher prices

for the rest of us. Another raise in the minimum wage would, as all the

others before it, raise prices for consumers, which would again result in

another demand for a raise in the minimum wage. It's a viscous cycle that

must be stopped before it loses control. Not only does a raise in minimum

wage result in a raise in the cost of living, it also causes the dismissal of hardworking pe

is us, the consumers, who feel the real pain The pain we experience is

money to make a living in a world of ever rising costs. The truth is that

reasonable people would rather pay more for better service, the plain fact of the matter is that the service hasn't really gotten any better. The

hurt because the new employees are in need of training, and in the end it

that of rising costs in the market it's that sharp pain we feel every time we reach for our wallet, but it is in no way as painful as the fact that

ople who are happy with their current income. When the firing axe starts to fall, seniority often determines who goes and who

employees the business can afford to employee an hour. This results in the dismissal of employees to compensate for a raise in labor costs, which

Some common words found in the essay are:
Uncle Sam, , minimum wage, raise minimum, raise minimum wage, cost living, argument minimum wage, demand money, respect money, argument minimum, employees people, rising costs,

Approximate Word count = 730
Approximate Pages = 3 (250 words per page double spaced)

Category: Miscellaneous

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