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by RobKohr
307 days ago
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So, this cut out the least fit for work. One group heavily cut out would be those without work experience such as kids and other first entering the marketplace. Fast food is a stepping stone job, and if employeers have to pay more for labor then they will be pickier about it. Let's think about the reverse. If we cut minimum wage, the sector would be much more loose about hiring first time workers, convicts, or people just not fit for other jobs. The people could grow their skills and contribute more to society, a society where low end business constantly complain about how hard it is to find skilled workers. High minimum wage contributes to more people on social safety nets living on low fixed incomes because the gulf between that and paid employment becomes too great and there is no low wage on ramp for them. |
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Why? It would seem to me that there's plenty of room in the balance sheets to just pay people more.