Management and Organizational Studies 2275A/B Lecture 2: ch 2

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Allows people to earn a decent wage. There"s a (cid:271)iggest gap (cid:271)et(cid:449)ee(cid:374) the ri(cid:272)h a(cid:374)d the poor. This increase of a minimum wage addresses that gap -> helps narrow the gap. Continue that: when you put hands more money in the hands, undeniable between poverty and. When you put more in your hands you save some money on the social spending side. O(cid:374) the other side, they do(cid:374)"t (cid:449)a(cid:374)t the go(cid:448)er(cid:374)(cid:373)e(cid:374)t i(cid:374)(cid:448)ol(cid:448)e(cid:373)e(cid:374)t i(cid:374) their (cid:271)usi(cid:374)ess. Economic argument: not always people are incomers. When you put artificial limits on salary at the low end, you create inflation. Prices increase then people who got the money in the form of high wage, more expensive. Final argument: every time the government regulates businesses, it makes business less sufficient. When you artificial force to pay more, increasingly make those ontario services make less competitive.