Wages are set by how much contribution that person or position is able to bring to the bottom line of the company. Where profit margin is low, wages will also be low. Where the knowledge is minimal to do the work, wages will also be low. Where the service is not in demand wages will also be low. it is the bottom line that counts, why would anyone set up a busy if his intention is not to make a profit, any business contrary to this is called a charity. If a business does not make money to cover its cost then good-bye jobs. However I would agree that CEOs at the top are making an obscene amount of money which is tantamount to theft. Sometimes they are justified and most of the times not.
RE: 7 reasons the minimum wage should be higher
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7 reasons the minimum wage should be higher