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Because the $20/hour price is artificial, so there aren't enough of them. If the price were not artificial it would balance until the number of jobs = number of
by ars 3y ago
Because the $20/hour price is artificial, so there aren't enough of them. If the price were not artificial it would balance until the number of jobs = number of seekers. But it won't, instead it becomes a lottery of sorts.
It also means far less job security for anyone who has such a job, because there are so many seekers employers will hold all the power, and will fire people easily. So it's also a high-stress job, but presumably worth it for that pay.
Which also answers your question: People will take lower paying jobs in order to have a bit more flexibility to request time off, or to make mistakes without fear.
- x86x87 3y agonormally I would agree with you, but the 20$/hr is required across the board for all fast food workers, correct? so, it's not like you get to choose how much you pay a worker (you may choose to have less workers for example but you cannot pay less than 20).
- ars 3y agoAre there no other jobs in California that pay less? If this is a global floor in California, it's going to lead to some interesting things. It will have the effect of flattening out the income of a huge chunk of society. A huge number of people in California will all have identical income. It will be cheaper to make things across the border and import them. So the kinds of jobs needed will change. California will lose local jobs but gain jobs having to do with coordination and importation.