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inysia [295]
3 years ago
9

3. Is the minimum wage good or bad for the lowest-paid workers? Explain your reasoning.

History
1 answer:
svetoff [14.1K]3 years ago
6 0

Answer: This is quite a complicated question and therefore requires quite a complicated and extensive answer.  While it may seem like a minimum wage is good for the lowest-paid workers it isn't very good for an economy and workers as a whole.  The reason for this being is that having a minimum wage and subsequently raising it (as is being done throughout the United States) boosts inflation meaning the price for products rises, (essentially negating all benefits that the workers received from a higher minimum wage.)  Now while the lowest class workers don't really receive any benefit from this as their wage goes up but the products they produce also go up in price as well, but the average middle class consumer gets hit hard by this as their product prices raise but they still have the same wage.  Another downside to having a minimum wage and having it consistently rising is that companies are forced to cut employees or not hire any more people all together.  This is why jobless claims rise after wages rise.  Companies cannot afford to pay workers a higher minimum wage and keep all their workers at the same time otherwise they would go in the red.  This forces them to make cuts in staffing.  Minimum wage would mandate that even if a potential worker and company agree on a price to pay for their work, the law would mandate that this would not be a possibility essentially making work harder to find.  Minimum wage should not even really be needed as companies and workers should be able to find a good and fair price for work on their own without the governments help.  If a worker doesn't like the wage they are receiving then they can quite and find a better paying job.  This also boosts competition among businesses as they are all fighting for workers to fill their jobs and would also raise the wage, but in a natural process without all the detriments that artificially raising the minimum wage brings.  Companies should be allowed to hire workers at whatever pay per hour they so what as long as it is agreed to as well by the worker.  This means that more jobs are open to a more wide variety of people and that also means that if people want to work for less they can still be open to that opportunity as well.

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Also known as the Seven Years’ War, this New World conflict marked another chapter in the long imperial struggle between Britain and France. When France’s expansion into the Ohio River valley brought repeated conflict with the claims of the British colonies, a series of battles led to the official British declaration of war in 1756. Boosted by the financing of future Prime Minister William Pitt, the British turned the tide with victories at Louisbourg, Fort Frontenac and the French-Canadian stronghold of Quebec. At the 1763 peace conference, the British received the territories of Canada from France and Florida from Spain, opening the Mississippi Valley to westward expansion.

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The French and Indian War: A Summary

The Seven Years’ War (called the French and Indian War in the colonies) lasted from 1756 to 1763, forming a chapter in the imperial struggle between Britain and France called the Second Hundred Years’ War.

In the early 1750s, France’s expansion into the Ohio River valley repeatedly brought it into conflict with the claims of the British colonies, especially Virginia. In 1754, the French built Fort Duquesne where the Allegheny and Monongahela Rivers joined to form the Ohio River (in today’s Pittsburgh), making it a strategically important stronghold that the British repeatedly attacked.

During 1754 and 1755, the French won a string of victories, defeating in quick succession the young George Washington, Gen. Edward Braddock, and Braddock’s successor, Governor William Shirley of Massachusetts.

In 1755, Governor Shirley, fearing that the French settlers in Nova Scotia (Acadia) would side with France in any military confrontation, expelled hundreds of them to other British colonies; many of the exiles suffered cruelly. Throughout this period, the British military effort was hampered by lack of interest at home, rivalries among the American colonies, and France’s greater success in winning the support of the Indians.

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The tide turned in 1757 because William Pitt, the new British leader, saw the colonial conflicts as the key to building a vast British empire. Borrowing heavily to finance the war, he paid Prussia to fight in Europe and reimbursed the colonies for raising troops in North America.

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British Victory in Canada

In July 1758, the British won their first great victory at Louisbourg, near the mouth of the St. Lawrence River. A month later, they took Fort Frontenac at the western end of the river.

In November 1758, General John Forbes captured Fort Duquesne for the British after the French destroyed and abandoned it, and Fort Pitt—named after William Pitt—was built on the site, giving the British a key stronghold.

The British then closed in on Quebec, where Gen. James Wolfe won a spectacular victory in the Battle of Quebec on the Plains of Abraham in September of 1759 (though both he and the French commander, the Marquis de Montcalm, were fatally wounded).

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Impact of the Seven Years’ War on the American Revolution

The British crown borrowed heavily from British and Dutch bankers to bankroll the war, doubling British national debt. King George II argued that since the French and Indian War benefited the colonists by securing their borders, they should contribute to paying down the war debt.

To defend his newly won territory from future attacks, King George II also decided to install permanent British army units in the Americas, which required additional sources of revenue.

In 1765, parliament passed the Stamp Act to help pay down the war debt and finance the British army’s presence in the Americas. It was the first internal tax directly levied on American colonists by parliament and was met with strong resistance.

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