The government cannot legislate the value of someone’s work. That is something only the market can do. Attempts by the government to usurp that power only result in distortions to the economy that will ultimately be settled by the market, not government bureaucrats.
Of course, what we are leading up to is the establishment of minimum wage laws, essentially making it illegal for someone to work at a wage below the government-mandated minimum. These laws might even be accompanied with good intentions, but the world does not work this way. Washington, in spite of its delusions to the contrary, does not reign supreme.
The absurdity of all of this is easily seen. If a family of four is thought to require an annual income of $60,000 to live reasonably, then just set the minimum wage rate at around $30.00 per hour and, based on a 40-hour workweek, every family of four in the US will have a comfortable life, even with just one wage-earner. If two adults in the family work, they’re very well-off, all due to government fiat.
Again, that’s not the way the world works as explored on page two.
No one has job since nobody pays and companies shut down…people go hungry
15? I want at least 25? Wait make that 50 , then I can work 4hrs a day.
A lot of this losers are not worth $2 an hour.
Harvard study support what free market economists have been saying! These were meant to be part time roles and first jobs for young people or people in transition! Increasing wages by government action is not the answer! Those misguided socialists who push this agenda are hurting our young peoples opportunity for first jobs and unskilled labor! More experienced restaurant servers earn tips that far exceed the minimum wage!
Maybe people should eat at home . Better for thier health and pocketbook. Dont need a restaurant on every street corner. Especially mickey d’s
Looks like they all are immigrants! Or illegals!
When will these idiots get it when u raise the minimum wage the companies will raise their prices they are not going to lose money wake up morons
Harvard Study: Each $1 Minimum Wage Hike Causes 14% Increase in Mid-level Restaurant Failures.
CONGRATULATIONS, YOU’VE MANAGED TO PRICE YOURSELVES OUT OF ALL JOBS YOU ARE QUALIFIED FOR!!!!