Re:Unintended workplace safety consequences of minimum wages
by triceratops on Thursday January 30, 2025 @02:14PM
(#42881088)
Why? If customers still need those services, bigger businesses will provide them and hire the newly-unemployed.
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Re:Unintended workplace safety consequences of minimum wages
by nine_k on Thursday January 30, 2025 @02:27PM
(#42881225)
Big businesses are usually more efficient, even simply due to scale. They need fewer employees for the same amount of sales. Raising the minimum wage squeezes away the least-qualified employees, who are constrained in various ways (language, education, health, etc). The more qualified employees may and do of course benefit.
High minimum wages work well with a strong social security network, and higher taxes to support it. It's not what we have in the US though.