4 ms·
Mentioning minimum-wage laws as a contributing factor isn't quite 'blaming' them. Also, even minimum-wage proponents can (and often do) admit there are tradeoff
by gojomo 12y ago
Mentioning minimum-wage laws as a contributing factor isn't quite 'blaming' them. Also, even minimum-wage proponents can (and often do) admit there are tradeoffs involved with such mandates, they just think those tradeoffs are worth it.
You've guessed right that I don't personally think the tradeoffs of price-controls on wages are worth it. (Among other problems, the very young & low-skilled, who get priced out of essential starter jobs, are hurt more than those who remain employed at the higher wages are helped.) But we don't have to agree on that to reach common understandings on other particulars of how employers and employees adjust to constraints.