4 ms·
It should be noted that minimum wage laws are not good, from their original implementation to today. The original law was put in place to keep unskilled persons
by Agustus 8y ago
It should be noted that minimum wage laws are not good, from their original implementation to today. The original law was put in place to keep unskilled persons (read minorities of color) from taking white's jobs. The hard working unskilled people were learning the skills to take the white people's jobs at a lower rate, so they passed a bill that made it impossible to effectively climb up the wage ladder. Today it is used to keep people subservient to the government when the wage gets higher than an economy can bear, look at Puerto Rico and how unemployment was so high, the only jobs available were government jobs. Any economist who can look themselves in the mirror will tell you this.