A letter to the editor in the Wall Street Journal Essay - 7

A garner to the editor in the Wall Street Journal - Essay ExampleCritics have it that the increment potentiometer headliner to the companies laying off some workers or even resort to the use of machines ,so as to retard the increased labor cost. Production and manufacturing companies may also increase the prices of their commodities a step that might lead to a gradual decrease in demand of the goods. These facts sound detrimental to the ears that choose to listen.However, the profits of reproduction takings supersede the conceptual losses to the economy of any nation in the world. According to a latest report tabled by the Congressional Budget Office, pay raise from $ 10.10 per hour will emphatically give the working population much money to spend on the purchases and thus elevating the economy. Higher wages also attract more skilled personnel for a company hence increasing the productivity. Besides, higher(prenominal) earnings give the workers the power and confidence to buy the products from the very company in which they work. This is another unavowed way of increasing the