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The number of available jobs is _not_ limited, it's a supply and demand curve! An employer doesn't just have X jobs to fill a business. They have some number o
by civilian 8y ago
The number of available jobs is _not_ limited, it's a supply and demand curve!
An employer doesn't just have X jobs to fill a business. They have some number of tasks to do, and there's always more they could be doing. If they have the option of hiring some people at $5/hr and some at $10/hr, the boss can figure out how to get at least $5/hr in value out of the cheaper people he hires.
I think the person living with parents is a bad example too. $1/hr is nothing, and it'd probably just be better for that person to not have a job at all. Sometimes doing nothing is better than having a job that crappy.
- codedokode 8y ago$1/hour is not nothing. If you work full month you get $160 which is more than $0 that you get playing games all day long (also you spend less on an electicity bill). So it is more beneficial than doing nothing. In a market without minimun wage you'll have to compete against such people for a job.