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As an example, textile and manufacturing jobs being used exported to Asian countries. It's not like companies want to pay for shipping of products from halfway
by temp_supply 6y ago
As an example, textile and manufacturing jobs being used exported to Asian countries.
It's not like companies want to pay for shipping of products from halfway across the world, but because of minimum wage it makes it more profitable to do so. Which results in jobs leaving to other countries.
Without minimum, those workers wages would have simply gone down over time, allowing them some time to find other opportunities. Instead of just one day the plants up and decides to move to Asia and you're out of a job.