If the government forces people to be paid more than their labor is worth, then those jobs are doomed. It’s inexorable.
Don’t blame the CEO for protecting his shareholders. He doesn’t owe anyone a job.
“If the government forces people to be paid more than their labor is worth, then those jobs are doomed. It’s inexorable.
Don’t blame the CEO for protecting his shareholders.”
True. And he is protecting us consumers. If you increase the minimum and make no effort to cope (for example with automation) then companies will try to pass the cost on to consumers. I can just see the minimum wage advocate saying “I’m glad they pay the higher minimum wage, but their prices are WAY too high.”
It’s on a par with “I’d love a union job - but there aren’t any.” Or, “I love Obamacare, only doctors aren’t accepting new patients.” A basic understanding of cause and effect has been given up for wishful thinking. Goodbye science, hello magic.