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Assuming that's accurate, we should set the minimum wage to infinity.
by OscarCunningham 7y ago
Assuming that's accurate, we should set the minimum wage to infinity.
- tombert 7y agoI don't think anyone is suggesting we set the minimum wage to be particularly high, just enough to have a reasonable living wage. In the case of the linked studies, it was an increase of somewhere around 20-30%. I figure you made your comment to demonstrate that the reasoning doesn't work on the extremes, but that only really works as a rebuttle if someone were seriously suggesting something extreme.
- kangnkodos 7y agoThe US minimum wage is now $7.25. Raising this to $15.00 is an increase of 107%.