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"The net outcome: In 2016, the 'higher' minimum wage actually lowered low-wage workers' earnings by an average of $125 a month." No, it turned some of the low-
by rdiddly 9y ago
"The net outcome: In 2016, the 'higher' minimum wage actually lowered low-wage workers' earnings by an average of $125 a month."
No, it turned some of the low-wage workers into higher-wage workers, leaving not as many low-wage workers and therefore less total work done and money earned by low-wage workers. Which was the goal.
Now if the goal of raising the minimum wage were to ensure wages were low, you're right, it's a disaster!
- supreme_sublime 9y agoI bet that the people priced out of a job totally love getting $0/hour vs the evil wage they were receiving before.