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3) For those who do not lose their jobs, the fact that they didn't lose their jobs is indicative of more major problems...they either don't understand the value
by nhaehnle 13y ago
3) For those who do not lose their jobs, the fact that they didn't lose their jobs is indicative of more major problems...they either don't understand the value of their labor, or they don't know how to negotiate with their employers.
Oh, they understand perfectly well about negotiations. Here's the employer reaction when they try to negotiate: "Well, I guess I'll fire you and hire this unemployed person instead."
The employer reaction when the minimum wage is raised is to say, well, guess I now have to pay those guys more.
So a minimum wage increase helps people perfectly well. You could argue that it would be even better if we as a society decided to eliminate unemployment by making sure that demand for labor was always high enough.