¶ … intentions have been brewed by quite a few instances throughout human history. Sometimes, good intentions are tailored to increase health awareness amongst kids but they can backfire by eliminating some of the key nutrients for them, like saturated and other forms of fat, as the good intention was not followed by thorough and logical support (Senge, 1990). The most recent good intentions that one can see has been around environmental concerns more so than anything else. The environmental concerns have led many industrialists and politicians to step up and take notice of the problem-solution-problem structure as most good intentions to solve environmental concerns are not panning out to be practically favorable. In this paper, the focus will be on the current situation of the financial depression that the global economy is going through and pick an aspect out from that.
Minimum wage is one aspect that has always troubled the masses in times of financial crises or deficits. The world lies vulnerable to the same dilemma today. The workers are experiencing increasing expenses in life and increasing expectations at work, but the one aspect that is not increasing is the wage that they get for the work that they put in. In order to improve this situation, a local company sought to increase the minimum wage percentage of the workers form $5 an hour to $7.5. While this was done with the best intention to improve the financial stature...
their work was bringing back $5 revenues and they were being paid $7.5 which was resulting in losses for the company. The negative impact of this was the downsizing of the company and many people losing their only source of income so the company would break even. The result was that those who lost their jobs were forced to look for work elsewhere and the jobs they were getting paid less than $5 an hour which was what they were getting before the policy change in the minimum wage, resulting in increasing financial pressures on those individuals and their families as well as increasing the unemployment rates and inflation in the community.
This is where the phenomenon of system thinking comes in extremely handy. System thinking mainly allows one to look at a problem-solution scenario from all perspectives as opposed to merely the need to rectify one situation. Dynamic complexity is an integral part of the system thinking, as it helps one to determine whether a change in the established system will have the same or similar impacts in the short and long run as well as in different circumstances and with different players (Senge, 1990). In the case of minimum wage, the overall impact that is most probable using the dynamic complexity structure is not a favorable one as it is highly likely that the overall employment opportunities will drop,…
