3 ms·
> What is the federal minimum wage? Who benefits from it being $7.25 an hour? Not the common people Not a great example. The evidence of its effectiveness is m
by MetaWhirledPeas 2y ago
> What is the federal minimum wage? Who benefits from it being $7.25 an hour? Not the common people
Not a great example. The evidence of its effectiveness is mixed, and the burden of the wage increase hits small businesses early. The Walmarts of the world are better equipped to cope.
Maybe it's a good idea, maybe not; I'm just saying it's not obvious.
- Me001 2y ago[flagged]
- animal_spirits 2y agoThere are many people who oppose minimum wage controls. Don't be vapid.
- dannyobrien 2y agoSo, just for the record, I'm not being paid to write this, but I read the literature on minimum wages, and while I think they are probably mostly ok, I'm not sure of their long-term efficacy and there are probably other interventions that may achieve the same effect more efficiently. I'm unlikely to change my mind by someone who simply accused their opponent of being a paid shill, but other than that I'm probably a fairly marginal "opponent" of minimum wages that you could win over with a few cited well-written sources. See if you can better model what would convince me!
- ulrikrasmussen 2y agoMinimum wages are a poor bandaid and workers would generally be better off with unions having more power to collectively negotiate better pays.