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I wish more people understood this.
by jumbopapa 7y ago
I wish more people understood this.
- moate 7y agoUnderstood what? Their point is a bad faith argument and a misunderstanding of who makes low wages.
- dangus 7y agoIt's more nuanced than this, in my view. It's not just "high minimum wage bad for teenagers!" There are a lot of reasons for decreased teenage employment: - Older employees who should be retired hanging on to jobs longer because they can't afford retirement - Students finding part time work an inferior return on investment compared to college preparation and other resume-building activities like volunteer work - College costing so much that high school summer jobs can't possibly pay for a significant fraction of it, essentially making it a less time efficient option than just using future wages to pay for it (loans) - Lengthened academic years with shorter summers https://www.apnews.com/66a5d6cade1743fb897aad56e300c99c https://www.apnews.com/66a5d6cade1743fb897aad56e300c99c I do think that it might make sense to have a lower teenage minimum wage than the normal adult minimum wage. I personally don't assume that a low minimum wage is good for low-skill employees, that just doesn't add up to me. The inability to pay a living wage equates to all of us not paying the real cost of a good or service.