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I never said that minimum wage = fewer jobs in all contexts. It will definitely destroy certain employment opportunities in certain circumstances. I suppose I w
by matthewmarkus 9y ago
I never said that minimum wage = fewer jobs in all contexts. It will definitely destroy certain employment opportunities in certain circumstances. I suppose I would consider it an accelerant for automation.
- learc83 9y agoYou implied that a minimum wage of $15 would eliminate fast food jobs. The numbers indicate that it won't. >It will definitely destroy certain employment opportunities in certain circumstances. Sure and a 0.1% sales tax will destroy certain employment opportunities in certain circumstances. The key is to find a balance. I'd prefer a universal basic income or an increase in the EITC. But I think fighting for a $15 minimum wage that won't kick in until 2024 at the earliest, and will probably be negotiated down to $12, is better than what we have now. $15 in 2024 will be about $12.50 in 2016 dollars based on projected inflation by the way.