Minimum Wage And Philosophical Theories - 1374 Words

Minimum Wage and Philosophical Theories Ethical Egoist There are three different positions suggested on the issue of the minimum wage in the United States. First one is that it is best to not have any minimum wage and let the employers and employees decide. Second, the current minimum wage should not change and stay the same as it is. Third suggestion is that the U.S. should raise up the minimum wage up to certain about such as $15 an hour. Ethical egoism suggests that he or she has to make decisions based on what’s best for his or her interests and it is the only way to make decisions in the long run. Over the three different options given on the question of what the U.S. should do for the minimum wage, I believe ethical egoism supports the option of raising up the minimum wage. Let’s say the decision maker or one who has the biggest influence on making decisions for the question of minimum wage in the U.S. is the President Barack Obama and the majority of people want the minimum wage to be raised up. Also let’s assume that one of his best interests is satisfying his people by doing things that his people want especially those who are in need financially. Therefore, in this case, I believe that an ethical egoist would say that the president should support the idea of raising the minimum wage because pleasing his people who are in need of financial aid is one of his own interests and making decisions to do what’s best for his own interests is what he shouldShow MoreRelatedBarbara Ehrenreich s Nickel And Dimed1600 Words   |  7 PagesEhrenreich s novel was to present empirical and philosophical arguments against social policies associated with poverty and the ideologies surrounding it. 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