Affirmative – Regulated Capitalism
Capitalism is necessary to a thriving economy. Economic competition is what leads to a successful market. The three reasons why capitalism is still beneficial to society is: economic competition leads to more supply and demand, a thriving economic environment puts less people on social welfare and with a healthy capitalist society, prices can be brought down.
The newly introduced “Raise the Wage Act” may be enacted by the end of March, but government officials are still deciding whether to proceed. If enacted, the federal minimum wage will likely be raised to $15 an hour.
President Donald Trump announced on Tuesday, Jan. 31, that he will nominate Neil Gorsuch, Judge from the United States Court of Appeals for the Tenth Circuit, to be the newest Associate Justice to the United States Supreme Court.
