OK.
So YOU lkike a higher minimum wage.
Now. What the workers going to do to EARN their higher wages YOU approve of?
Are THEY going to work 20% faster, 25% more accurately, 30% more efficiently and productively? Are THEY going to produce 20% more product while using 20% LESS material and tolls?
Average “profit” is under 3% ... Where is the “extra money” going to come from?
You got my attention. Reading your post, I was thinking “what the h could I have posted that would have led someone to think I believed that”.
I’m a “Sowell economist” - ANY mandated wage is damaging and counterproductive.
Price floors cause surplus, minimum wage causes unemployment.
Re: “So YOU like a higher minimum wage.”
No.
I like the way it completely destroys the purpose of our insane LEGAL immigration policy.
What good are 20 million low skill foreign workers if the law requires you to pay them $15 per hour?
Thanks Robert A. Cook, PE.