When my kids started their first jobs, I was actually upset at how much they were making.
I think the current minimum wage is too high. Perhaps they should have a staggered wage.
Min wage should be zero so the employer decides what a job is worth and the market determines if he is correct or not. But if the government decides there must be a minimum wage, for kids below 18, it should be 60% of that for people above 18.
There would be an incentive to hire kids and give them a jump start and my kids wouldn’t end up having more disposable income than I do. For many years we had virtually none because we were too busy paying for them.
My wife still gets all excited when she can go to the store and spend $20 without worrying about it.
I paid my own college tuition, as well as a large portion of that of two siblings, partially with cash earned before 18. I wouldn’t have enjoyed working my ass off for 60% of what my coworkers were making.
“or many years we had virtually none because we were too busy paying for them”
Amen brother
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“My wifestill gets all excited when she can go to the store and spend $20 without worrying about it”.
Amen again. Know thw feeling well.