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.
Da, Comrade. You should fit in very nicely with the Biden Administration—you should apply for a job with them as an economist.
“Cheapskate employers?” Sure, they’re cheapskates—that must be it. All employers are identical, nationwide, and their business all have identical cost structures. All employees nationwide are identical too, with identical skillsets and ambitions.
Some jobs are not worth $15/hour, and the employers who can’t afford to pay it will either pay them under the table for less, or let them go.
If you add $10/hour of value, what should your wage be?
If you add $10/hour of value, with a $15 minimum wage, how is your ability to get on the employment ladder "much easier?