News for hackers. Stuff that matters.
Re:I need to explain to you just how dire America's Pokémon ... by enragedcacti on Saturday May 01, 2021 @02:15PM (#27008470)
> Let's be clear as to what a minimum wage actually is, it's simply and exclusively making employing unproductive people illegal.

It also gives raises to those whose productivity exceeds their negotiating power.

Re:I need to explain to you just how dire America's Pokémon ... by djbebs on Saturday May 01, 2021 @02:28PM (#27008564)
At the expense of equal losses of employment from people competing for those jobs.
Re:I need to explain to you just how dire America's Pokémon ... by enragedcacti on Saturday May 01, 2021 @03:19PM (#27009016)
I don't understand what you mean, can you elaborate?
Re:I need to explain to you just how dire America's Pokémon ... by j7ake on Sunday May 02, 2021 @03:30PM (#27018197)
I think it means that if a company had money for $14/h for labour, and it originally hired 2 people for $7/h, then if minimum wage was raised to $14, one person would be fired and the other (presumably better) worker would get a raise. But total available capital for labour for the company did not change.