[jsanford9292]

What a useless article. No real conclusion and no new information.

Raising the minimum wage CAN have negative effects. This is obvious. If you raise the minimum wage to $10,000 per hour, what happens? Hamburgers cost $1,000 each and nobody buys them. Restaurants become insolvent and they close. Bad outcome.

I believe no minimum wage CAN also have negative effects but those effects are less clear to me. Maybe workers get taken advantage of by companies? But is a minimum wage the best way to fix this? Would love to hear other thoughts on what specifically a minimum wage fixes compared to having no minimum wage.

[machiaweliczny]

Minimum wage gives more efficiency to spending power. These people are subsided anyway but if they are given foodstamps it's inefficient (I don't know how it work in US but here people won't eat most of it, even if poor, unless starving).

So if your goal as economy is to select for producing nice products at affordable rate then adding purchase decision to low income workers is best way to let them get out of powerty. Maybe they don't need shitty food produced by rich folk with connections to gov but computer for their childeren or some tool to start business?