4 ms·
I would rather make $2.50 in an hour than $0.00. This is precisely why minimum wage laws are so immoral: they take people that are employable at the market wage
by maxharris 15y ago
I would rather make $2.50 in an hour than $0.00. This is precisely why minimum wage laws are so immoral: they take people that are employable at the market wage and render them unemployable.
- enjo 15y agoDoes it? Or does it simply raise the floor? I'm not aware of many businesses who go out of their way to hire excess capacity, no matter what it costs.
- jamiequint 15y agoYes, its called latent/induced demand: http://en.wikipedia.org/wiki/Induced_demand http://en.wikipedia.org/wiki/Induced_demand