3 ms·
Would raising the minimum wage reduce turnover too?
by jonny_eh 12y ago
Would raising the minimum wage reduce turnover too?
- daok 12y agoIf you raise the minimum wage, people that are earning more will also have a increase in salary in medium term. This solution only move the bell graph of salary to the right.
- seanmcdirmid 12y agoIt can move things to the right, but more so for the rich than the poor. That is, unless you are assuming minimum wage services are primarily consumed by minimum wage workers.
- tomjen3 12y agoIt would make it more attractive to work, but thats it. Since you cannot legally pay less than minimum wage the kind of people who work for minimum today would be the kind who work for it tomorrow too.