Raising the minimum wage simply does not reduce inequality. It merely increases the minimum level of labor productivity for which an employee is able to legally contract with an employer. Work harder, biotches!
One thing I am certain of is that it’s going to cause bosses to resent their employees and maybe cause a lot of hostility that could be avoided. You’re paid according to your talent and skill set, that is all. If I set up a franchise and work hard at marketing and such, I should not have to pay someone who is NOT working as hard as I am the same salary.
Totally correct, some people, especially leftists, do not comprehend that there are some who would like to have a small income with a small effort expended but are either unable or unwilling to put forth the effort to earn a better income. Some retired people are happy to take a job at $7.25 an hour to earn a little mad money so long as no great effort is required. A higher minimum wage would eliminate the opportunity to do something of that sort. Some people just want a way to get out of the house while earning a few dollars rather than spending money. For those who crave being around people it is far better to be a greeter, even at $5.00 an hour, than to sit home and watch TV. Minimum wage laws simply destroy such opportunities without doing anything really positive for anyone.
As always, for those who think the minimum really helps people, why don’t we raise it to at least $500. an hour?