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by vosper
3278 days ago
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If you agree that the minimum wage would likely mean that there would be fewer businesses, and therefore fewer jobs, then isn't it hard to also believe that the people who lost their jobs would likely find other work? Isn't it also likely that at least some of them will become permanently unemployed? |
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In fact, I'd argue that even then we are better off. Say you have 20 low-paying jobs, the sort which means you are still eligible for food stamps and other tax-payer funded assistance. All 20 get laid off. 13 find full time work at the new minimum wage, so they no longer need assistence. Four find part-time work, making nearly what they did before with fewer hours. They still need assistance, but slightly less since they don't need as much child care. One makes less money. The other two are unemployed forever, requiring assistance. I'm gonna guess this is a win in the end.