$7.25 an hour is too high?
It’s more than double that in some cities and/or states.
Yes...think about a sixteen year old living rurally who can’t work because of the minimum wage.
Minimum wages are designed to prevent competition by people who are willing to work for less. If you want to hire someone for $5 an hour and that person agrees then it’s not the place of government to tell you not to do this.
Marxists want a government form of feudalism, but some on the right want a private form of feudalism.
I would love to see some of you folks work for 7.25/hr and then come back after a year to tell us how great that experience was.
Not all labor produces value in excess of that number, which means that if an employer paid that amount for such a laborer, he would be losing money. The minimum wage law doesn’t force employers to pay more money, it merely bans all those jobs.
the easiest group to rip off is low wage but a caveate on this. you pay for what you get and a employee who feels he is being cheated is likely to do the same on the job. criminal behavior from a employer is likely to attract employees that engage in the same ethical behavior.
$7.25 an hour is too highAnything more than $0 is too high.