Economic Growth Benefits

The economic logic behind protectionist immigration agendas is that an increased population increases the labor supply and stops there. In this scenario, the equilibrium wage rate of labor supply and labor demand would be lower than the pre-immigration equilibrium wage rate, and the logic holds. Instead, separating scenario from real-world application would present previously unaccounted for effects. Being so, what actually occurs is as follows. As before, as the population increases with immigration, the labor supply would also increase, but the increased population would also lead to increased consumer spending and demand (i.e.

To employers raise in minimum wage saves them a lot on recruiting employees and invest money on their training. Existing workers will be more experienced to increase the efficiency of the business than the new workers. As a result, customers will be more relax about the service. Whereas, to the country the tax will be increased by large amount of money which can help to give free of cost services to workers such as free education, free electricity, free medical, which will again motivate the worker to work hard. The most important thing the GDP of the country will increase and will help the government a lot to pay of the loans as soon as possible before more interest to be

There is also increased political support for globalization and political pressure for higher wages as the minimum wage requirements are raised (Yüksel, 2012). Economical Factors There is a reduction in the rate of unemployment in the United States and stability in the national economy. A reduction in the rates of unemployment has also contributed to the growth of disposables incomes that is held by households. Developing countries are also having continued growth providing an opportunity for retail companies that have an objective of expanding its business internationally (Yüksel,

DISADVANTAGES Long term financial development puts an awful effect on the inhabitants of any nation. Long term economic developments may be identified with expansion, as inflations may increase. Inflations usually increase the cost of products on sale, and as the costs are higher, it will be an issue to the nationality in question to be able to buy their needs There is a limited amount of time involved in the growth of an economy as it involves an increase in GDP. The hypothesis and practice are both diverse. The hypothesis is the thing that economists are able to figure out for themselves; however, to be able to use the hypothesis in reality is the main task.

Argument Analysis Pro #2: Increased Availability of Jobs Argument Going along with the positive economic growth is the idea that if minimum wage is increased, and these workers turn around and spend this additional income, sales will increase to the point that businesses will need to employ extra workers. In other words, increasing the wages for minimum wage positions will create more minimum wage

Statistics show the United States economy is expected to incline steadily over the next few years. So if the economy is growing why shouldn 't the minimum wage grow as well. If the economy is steadily growing more than likely prices will go up on items, which for people who work minimum wage jobs will not be able to afford anymore due to the price of the item. The minimum wage

The United States population was increasing rapidly causing xenophobia among Americans. Americans feared their jobs would be taken by the new immigrants. Although Americans were already working long hours with low pay, immigrants could do the same unskilled labor but at a lower price. The new businesses and factories being made caused lots of competition among the wealthy. America witnessed its first millionaires in this time period.

However, American companies continue to employ H-1B visa workers because of the reduced labor costs. In fact, “the program specifies the minimum wage for any H-1B visa holder at only the 17th percentile of the prevailing rate for the job category” (Gwynne 6). The increase in profit generated by cheap skilled labor is very attractive to tech companies. Silicon Valley has used much of the capital gained from the tremendous cost savings of H1-B visas to lobby members of Congress in an attempt to raise the cap on the visas. The White House has proposed changes to the H-1B visa to allow spouses of sponsored workers to immigrate and allowed to work in the US as well.

Consumer demand and credit were increasing significantly, however the poor productivity of the industrial sector as a result of war could not keep up. Therefore the price levels had to increase to balance out the supply and the demand. Taxes in general also increased during the period: indirect and social security taxes doubled in the decade. (Cullip) However as the fifties allowed opportunity for the people to participate in a capitalistic society, firms and individuals faced incentives for growth through innovation and hard work. This helped increase real GDP and promoted higher living standards.

Economy can grow by two methods one by using more resources or by using same amount of resources more efficiently or effectively. And if the economic growth is achieved by using more productive resources it will result in increasing per capita