3 ms·
Wages are based on supply and demand. Minimum wage is an artificial propping up of wages. If there are too many workers, then employers don't need to compete to
by newfriend 5y ago
Wages are based on supply and demand. Minimum wage is an artificial propping up of wages. If there are too many workers, then employers don't need to compete to hire them, and wages are depressed.
Meanwhile we import over a million new legal immigrants each year (along with unknown numbers of illegal aliens), the vast majority of whom are low-skilled workers. The people decrying low-skilled wages are the same ones supporting policies that actively reduce those wages through increased competition.