Re: Minimum Wage must be outlawed.
I disagree.
Because of massive legal and illegal immigration, we have a massive surplus of low skill workers.
Wages for low skill labor have been artificially suppressed for decades.
American business has been equally damaged by the massive surplus. We are at least a full decade behind where we should be with our investments in expert software and labor saving devices.
Because of massive legal and illegal immigration, we have a massive surplus of low skill workers.
I can’t follow your point.
Minimum wages do not address that. All we have done is assure a higher floor for wages and higher inflation. The relative position on the wage scale remains the same.
With the automation and innovation you mention, we will only create a vast unemployable lower class, no matter the minimum wage.
When critics of wages for low skill employees get to sign the FRONT of the paychecks, then I might listen to their whining.