Re:Why Layoffs Don't Work
by milesrout on Monday March 10, 2025 @09:43PM
(#43328290)
Higher minimum wage doesn't put upward pressure on other low wages, and even if it did, pushing up the wages of people making $30/hr by taking away jobs from people making $20/hr to put them on benefits earning $15/hr is obscene.
>which helps the working class so that they aren't working and on medicare, section 8, food stamps etc. - as many Wal-mart workers currently are. That saves us money in the long run.
A higher minimum wage leads to lower employment not higher employment.
>When Seattle raised the minimum wage to $15/hour, everyone screamed it would lead to mass unemployment. That never happen.
It has been shown many times that a higher minimum wage causes less employment. It is also obvious from first principles and basic logic. Price controls are a very bad idea, and wages are no exception.
>which helps the working class so that they aren't working and on medicare, section 8, food stamps etc. - as many Wal-mart workers currently are. That saves us money in the long run.
A higher minimum wage leads to lower employment not higher employment.
>When Seattle raised the minimum wage to $15/hour, everyone screamed it would lead to mass unemployment. That never happen.
It has been shown many times that a higher minimum wage causes less employment. It is also obvious from first principles and basic logic. Price controls are a very bad idea, and wages are no exception.