Re:Uber will charge significantly more per trip as new Seatt...
by rualca on Thursday December 31, 2020 @08:26AM
(#25592447)
> A minimum wage is nothing more than a tool in our arsenal to fight poverty.
This is quite wrong: minimum wages do not "fight poverty". The only effect that minimum wage laws have is to render low-paying job illegal. Minimum wage stops potential employers from creating low wage jobs. That's all they do. If unemployment rate is low enough then society doesn't notice, but if unemployment rate is high then people just work ilegally.
This is quite wrong: minimum wages do not "fight poverty". The only effect that minimum wage laws have is to render low-paying job illegal. Minimum wage stops potential employers from creating low wage jobs. That's all they do. If unemployment rate is low enough then society doesn't notice, but if unemployment rate is high then people just work ilegally.