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by boona
3285 days ago
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This. What's unfortunate is that depending on what narrative you subscribe to around minimum wage, it can sound like an obviously good thing, or an obviously bad thing. It sounds great that you want to increase the wages of workers by increasing the minimum wage. It sounds awful when you want to exclude certain individuals from the job market by increasing minimum wages and making it against the law for low skilled workers to get jobs. The cold hard fact is that is that no matter your intention, you can't get one without the unintended consequences of the other. So yes you'll get an increase in wage for certain individuals, but you'll also exclude out of the market those who cannot yet produce at that rate. It's sad but true. |
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