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> Increase the costs of running the service, and you don't have work anymore. This hasn't been found to be the case when increasing the minimum wage, though.
by ac29 6y ago
> Increase the costs of running the service, and you don't have work anymore.
This hasn't been found to be the case when increasing the minimum wage, though.
- bhupy 6y agoRight, you get price increases instead, which are a more regressive way to guarantee a basic minimum standard of living than a publicly funded safety net.
- sushid 6y agoReally? Wouldn't barely profitable businesses cease to be profitable anymore and go bankrupt Surely if we mandated that the federal minimum wage is $50, we'd see businesses go out of business left and right, correct? Why would we not see a directional change like this for smaller hikes? Do you have any sources?
- therealdrag0 6y agoIt absolutely has. Minimum wage prevents some possible jobs. There are studies showing this [0]. The fair debate is only about whether more jobs is better than less jobs with higher pay. [0] https://www.vox.com/the-highlight/2019/7/13/20690266/seattle-minimum-wage-15-dollars https://www.vox.com/the-highlight/2019/7/13/20690266/seattle...
- ekianjo 6y ago> This hasn't been found to be the case when increasing the minimum wage, though. Then by all means let's increase the minimum wage to 100 USD/hour, so that everyone will be happy and there will be no effect on the economy. Are you sure about your claim?