3 ms·
> Quit blaming the employers, if you want to set an arbitrary value for living wage then adjust the minimum wage paid or benefits granted so that individuals ex
by NoMoreNicksLeft 12y ago
> Quit blaming the employers, if you want to set an arbitrary value for living wage then adjust the minimum wage paid or benefits granted so that individuals exceed that level.
This however, fails to solve the problem.
If you have 10 people earning $7/hour minimum wage, but you need $15/hour to make it... raising the minimum wage to $15/hour won't fix the problem.
The employers simply fire/layoff 5 of those, and pay about what they were paying before. All we've done is shift the same amount of money to fewer people. In time, it might be true that those 5 people earn enough to boost the economy, but those effects won't occur for months or years.