Worth… What is your worth? Worth is defined in the dictionary as …”The level at which someone or something deserves to be valued or rated”. We believe that individuals should get paid for their worth and the value they can add to a company. What is value? Value is what the company can benefit from employing you in terms of skills, knowledge or experience. This is a democratic country, we all want to be treated equally meaning that you have to be paid according to your worth. We are for a free market wage because every person is different and can add something different values to a company. We would prefer seeing a higher number of people employed and getting paid for their personal contributions to labour instead of a smaller group of people …show more content…
Introductory Paragraph In this write up we will discuss why we believe that a free market economy is better than an economy with a minimum wage, the journey that South Africa has been through in order to reach this point and the different impacts each economy model will have on us. Wouldn’t it be unfair if you worked harder than your co-worker yet you both get paid the same amount of money? This would lead you to thinking that slacking off is an acceptable action. After some time this would snowball into a situation where all workers aren’t as productive as they should be but since they are still getting the same amount of money, they are happy. You can’t expect to do a halfhearted job and get paid in full for that. If everyone had that mindset it would lead to our entire nation becoming lazy and complacent. We believe that you have to work for your pay. It’s the only way to get somewhere in life. If we look at wealthy people who started off poor, we can see that all it took was an idea, hard work and dedication. In a free market economy this is all possible because there isn’t such a thing as a minimum wage which will be holding you …show more content…
From then onwards it has been a rollercoaster of development into what the country can now call our minimum wage. This Rollercoaster of sorts has been fuelled by an increasingly influential trade union movement and South Africa’s history of economic exploitation. The “sectoral minimum wage” now covers eleven different sectors (eleven climbs in this theoretical rollercoaster, we shall put