Well, yes exactly. If they cannot afford to pay employees, they will have to make sacrifices, downsize, etc. That's sort of the push/pull of the free market. The answer isn't to cut paychecks of your workers
I agree that you can't raise the wage to 2,000 per hour. Nobody could afford that. But you can't say that it's the same as a $2 increase.
$2000 and $10 minimum wage create the exact same problems. They just become more noticeable with the higher amount.
If you are truly interested in learning more, I definitely recommend reading Sowell’s Basic Economics. It uses many real data sets and examples that show how harmful minimum wage laws are.
No, they really don't. The only thing it has in common is that the minimum wage increases. A $2000 increase is insurmountable and unreasonable. A $10 raise, less so. To compare the two only makes an excuse to keep it the same for no reason.
It makes sense to raise the minimum wage in accordance with inflation and rising cost of living. I recommend taking a look at this hard data.
Well, yes exactly. If they cannot afford to pay employees, they will have to make sacrifices, downsize, etc. That's sort of the push/pull of the free market. The answer isn't to cut paychecks of your workers
I agree that you can't raise the wage to 2,000 per hour. Nobody could afford that. But you can't say that it's the same as a $2 increase.
$2000 and $10 minimum wage create the exact same problems. They just become more noticeable with the higher amount.
If you are truly interested in learning more, I definitely recommend reading Sowell’s Basic Economics. It uses many real data sets and examples that show how harmful minimum wage laws are.
No, they really don't. The only thing it has in common is that the minimum wage increases. A $2000 increase is insurmountable and unreasonable. A $10 raise, less so. To compare the two only makes an excuse to keep it the same for no reason.
It makes sense to raise the minimum wage in accordance with inflation and rising cost of living. I recommend taking a look at this hard data.
Bro.
I have looked at the hard data. I’m literally telling you to look as well.
Minimum wage laws create more problems then they solve.
I don't think you have, but okay.
Removing minimum wage opens the door for worker exploitation.