Both the reading and the lecture are about the minimum wage law and its effect on the diffeent parts of economy such as employment rate and countries' economy. The author of the reading asserts that this legislation affects the whole economy negetively and raise the unemployment rate and it should be abolished. On the other hand, the professor avers that this law does not affect the economy of the country at all and insist that this government intervention should be kept on: then, she rebuts all the author's reasons.
First, the reading materials claims that this minimum wage makes hiring of workers so expensive for many small companies. As a results, companies avoid to hire labores even they need, and on the other side potential workers remained unemploied. The speaker, however, repudiates this point by explaining that statics show that unemployment rate has not changed after enacting this law. She believe that this is only a misconseption that unemplyment rate increased, and asserts that this law does not have any positive or negative effect on employment rate in the country.
Second, the article points out that after this law amny large companies moved to other countries which they do not have this minimum wage law. It claims that this relocation of businesses hart the original country's economy. Conversely, the lecturer challenges this notion by mentioning that it is true that some buisness moved to other countries, but it does not have anything relate to the minimum wage law. She says that those relocation are based on the difference of cost of living between those countries. Whereas many of these new countries have the minimum wage law too. She asserts that owner of the companies benefit from low cost of living in those countries.
Third, the article posits that companies try to replace machines instead of worker everywhere it is possible to hire less labor. On the other hand, the lecturer opposes this notion and asserts that this strategy is not relate to the minimum wage law because companies are looking for a way to save money and decrease the cost of their products. If they can use machineray system they will do that and it will not affect the country's economy.
Both the reading and the lecture are about the
minimum
wage
law
and its effect on the
diffeent
parts of
economy
such as employment
rate
and countries'
economy
. The author of the reading
asserts
that this legislation affects the whole
economy
negetively
and raise the unemployment
rate
and it should
be abolished
. On the
other
hand, the professor avers that this
law
does not affect the
economy
of the
country
at all and insist that this
government
intervention should be
kept
on: then, she rebuts all the author's reasons.
First
, the reading materials claims that this
minimum
wage
makes
hiring of workers
so
expensive for
many
small
companies
. As
a results
,
companies
avoid to hire
labores
even they need, and on the
other
side potential workers remained
unemploied
. The speaker,
however
, repudiates this point by explaining that statics
show
that unemployment
rate
has not
changed
after enacting this
law
. She
believe
that this is
only
a
misconseption
that
unemplyment
rate
increased, and
asserts
that this
law
does not have any
positive
or
negative
effect on employment
rate
in the country.
Second, the article points out that after this
law
amny
large
companies
moved
to
other
countries
which they do not have this
minimum
wage
law
. It claims that this relocation of businesses hart the original country's
economy
.
Conversely
, the lecturer challenges this notion by mentioning that it is true that
some
buisness
moved
to
other
countries
,
but
it does not have anything relate to the
minimum
wage
law
. She says that
those relocation
are based
on the difference of cost of living between those
countries
.
Whereas
many
of these new
countries
have the
minimum
wage
law
too. She
asserts
that owner of the
companies
benefit from low cost of living in those countries.
Third, the article posits that
companies
try to replace machines
instead
of worker everywhere it is possible to hire less labor. On the
other
hand, the lecturer opposes this notion and
asserts
that this strategy is not
relate
to the
minimum
wage
law
because
companies
are looking for a way to save money and decrease the cost of their products. If they can
use
machineray
system they will do that and it will not affect the country's
economy
.