3 ms·
Why? If customers still need those services, bigger businesses will provide them and hire the newly-unemployed.
by triceratops 2y ago
Why? If customers still need those services, bigger businesses will provide them and hire the newly-unemployed.
- nine_k 2y agoBig businesses are usually more efficient, even simply due to scale. They need fewer employees for the same amount of sales. Raising the minimum wage squeezes away the least-qualified employees, who are constrained in various ways (language, education, health, etc). The more qualified employees may and do of course benefit. High minimum wages work well with a strong social security network, and higher taxes to support it. It's not what we have in the US though.