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A comment on What harm do minimum wages do?. Parent comment

Re:What harm do minimum wages do? by TuringNYC on Wednesday August 19, 2020 @04:10PM (#24215640)
>> Workers don't specifically need a job at that company. Even if they need a job, they can go work somewhere else. And if that isn't the case, you have bigger problems than minimum wage.

This works in a theoretical perfect competition in an economics textbook. In real life people have financial handcuffs (vesting periods, mandatory option execution/abandonment on job exit), school districts for children, underwater mortgages, 10% gross transaction fees on home sales/purchases.

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Re:What harm do minimum wages do? by AnthonyMouse on Wednesday August 19, 2020 @04:20PM (#24215803)
> vesting periods, mandatory option execution/abandonment on job exit

We're talking about minimum wage jobs. None of that applies.

> school districts for children, underwater mortgages, 10% gross transaction fees on home sales/purchases.

Nobody says you have to move. Take a job from another employer in the same city.

Also, again, minimum wage employees? Typically not homeowners.

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