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So if I set up a company and I'm paying my employees $4/hr, then the government need subsidizing $12/hr of my employees wage. This is completely broken, even mo
by ognarb 6y ago
So if I set up a company and I'm paying my employees $4/hr, then the government need subsidizing $12/hr of my employees wage. This is completely broken, even more if the company is making tons of profit from paying their employees only $4/hr.
- missedthecue 6y agoAs I outlined in my comment, no one would take a $4 an hour job. They'd incur a higher tax liability than if they went to the guy across the street offering $10, or whatever he paid before the policy passed. Businesses would continue to compete for labor. It would continue to be to the employee's benefit to take the highest paying job.
- arcticbull 6y agoWhat makes you think they wouldn’t take a $4/hr job. You know the federal minimum wage for tipped workers is less than that yeah? The fact that they don’t is only because they can’t, because minimum wage law.
- missedthecue 6y agoNo one pays minimum wage as it is. In my state it's $7.25 and no one pays that. They're all in the $11-$15 range. If your theory was correct, all entry level positions would be paying $7.25.
- arcticbull 6y agoNah, even a single one proves my case.