How many millions of people do you want thrown out of work? I can tell you’ve never been an employer, if you don’t understand how a minimum wage creates unemployment.
Raising the min. wage increases inflation marginally it has had no affect on employment in the past if you look at historical data.
So how many millions do you want throw out of work importing million of foreigners ever year? Hmm????
Low wage employment is hopefully transitional.
If the total number of unskilled jobs goes down by say 4%, but the more important rate of personal upward transition goes up by 8%, then we have a winning policy.
By eliminating the ability of cheapskate employers to bottom fish, we make the ability to get on (and then climb) the employment ladder much easier.
” if you don’t understand how a minimum wage creates unemployment”
If Change B increases the income of 10 million households by 10% but costs 50,000 jobs, would you implement Change B?