Look, you can keep spouting your nonsense, but it simply doesn’t correlate to unemployment numbers of the last half century. I have two good friends working for minimum wage right now, I have been employed for more than minimum wage, so you are wrong on a second count as well. A business should always be able to pay a decent wage to employees.
“A business should always be able to pay a decent wage to employees.”
I hear you, but a man should be able to work for what he is willing to accept. He should not be forbidden to get a job for less than $7.25 per hour or what have you. I want that freedom.
My teenage sons want that freedom! My 18 year old had a terrible time getting a min wage job, and he has a good work history and no problems! He finally had to move out of town to get, for real, a job grilling hamburgers at McD’s.
[Look, you can keep spouting your nonsense,]
Okay, you tell us EXACTLY what the minimum wage should be, the exact clearing prce, since you are so smart. And then tell us how you calculated that exact point.
>> A business should always be able to pay a decent wage to employees.
Yeah, what the hell - I made $150 a flight hour as an airline captain. Why not pay everybody that? ANSWER: The marketplace will only pay you $150 or $7.50 or whatever an hour IF you can generate MORE than that amount of goods and services. For that kind of money, I had to make life and death decisions for the 254 people I had strapped to my a$$. The net result of minimum wage laws is that they restrict entry of young and/or unskilled workers into the marketplace. The unions love it!
I hope anyone who goes into business has that in mind - but as Robert Burns put it, ""The best laid schemes o' Mice an' Men, gang aft agley."What happens then? Does the would-be businessman sell out at a loss, and just get a job somewhere again with his savings wiped out? Or does he soldier on, struggling to make ends meet and continue employing both himself and some employees at poor wages rather than throwing all out of work? The latter is what happens in the real world, and it is small businesses which create most new jobs. You can certainly prevent small business formation by increasing the risk of trying to start one, but that is hardly a solution to unemployment OR low wages.
Luke 11:46
And he said, Woe unto you also, ye lawyers! for ye lade men with burdens grievous to be borne, and ye yourselves touch not the burdens with one of your fingers.