Re: Minimum wage, good or bad?
well there are two sides, you would take it cause it is more than nothing, or you would take it cause that is the work you can do.
IMO and I doubt many will agree, minimum wage is making things worse. A kid can sweep a floor for a buck, but not with the minimum wage laws, he has to get X amount for it, I wouldn't pay someone that much just to sweep a floor would you? so you have to get someone who can do more than sweep the floor, leaving the kid with that simple skill SOL.
Also when you make all first time people get X amount who do you think loses? the company profits? no, it is the the oldtimer who deserves a decent raise, but the company has 20X amount to spend on labor (I know the CEO gets a ton, we are not talking utopia here, we are talking real life) company can divide it between the 20 people needed, they can spend less than X on a few and give more than X to those that do more/have more practice, or experience. But with the law, he cannot pay anyone less than X. Course that means you are paying the slow schmoe that you can't fire (HR laws, you can't fire people cause they arn't great, only for major failures)) the same as speedy gonzalas, but hey, equality and all that.
Another problem IMO with minimum wage, that is the expected worth of ALL lower level jobs, and it is assumed that it is enough. If it desereved more the Govt would make it more. Stop asking the govt to decide what you are worth! They think toilets cost thousands and hammers 800, what on earth does the govt know about the worth of your skills?
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