Wednesday, January 22, 2014

Raise Minimum Wage or Set Gas Prices?

I have gotten many opinions on this, I discussed with three others who have jobs and own vehicles. Two of them agree that setting a price for gas would be more beneficial. This I agree with, a minimum wage increase would increase the cost of living because the workers are being paid more per hour. If wages were raised the gas would rise as well and continue to. If the gas price was fixed wages wouldn't have to go up or down unless specific skills were demanded. Other say if minimum wage goes up we could pay for gas easier. However not a strong argument because there are too many if factors. If gas gets set, people could account for that out of their minimum wage with precision. Which in fact would be beneficial to any budget because a balanced budget is tough to maintain with unexpected factors, like if gas went up. If minimum wage went up, gas would as well and nothing would be solved. Everything would increase in price and the government would suffer recession because they couldn't keep up with rising prices.