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Message
re: The Problem With a Federal Minimum Wage
Posted on 5/7/21 at 6:29 pm to AirbusDawg
Posted on 5/7/21 at 6:29 pm to AirbusDawg
quote:
The Problem With a Federal Minimum Wage
Is that there should not be a minimum wage.
Posted on 5/7/21 at 9:31 pm to Indefatigable
quote:
s that there should not be a minimum wage.
This is the correct answer. An increase in minimum wage creates a shifts in the Labor supply and Labor demand curves which ultimately reduces the number of jobs available.
Politicians need to tell their constituents that minimum wage is designed for entry into the work force. If you’re still working for minimum wage after being in the work force for a while it’s your own damn fault.
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