4 ms·
The point I think is that the anti-increase people would have predicted that raising the minimum wage would be such a dire threat to business that it would decr
by jonhendry18 7y ago
The point I think is that the anti-increase people would have predicted that raising the minimum wage would be such a dire threat to business that it would decrease employment regardless of the wider economy.
- poke111 7y agoNot exactly. If the market-clearing price for low-skill labor is already above the minimum wage, it will have no effect. If the market price is far below the minimum wage, it will have a large effect - positive for the workers with jobs, negative for the ones who are priced out or have their hours cut.
- ben509 7y agoBut there is an effect. We're telling people "you both want to enter into this contract, and there's nothing illegal or fraudulent about it, but if you do it, at least one of you is going to jail." That's morally indefensible. Grand schemes to fix society by making an income distribution curve on a spreadsheet look pretty don't mean squat compared to your neighbors' rights.