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Eateries in Seattle are beginning to shutdown as $15 dollar minimum wage looms

#80

Quote:I guess I value people more than others do.... If left to their devices the "free market" would drive down wages into oblivion. That is why protections are in place. We've been through this. Even though wages go down due to free market economics the demand for jobs is still up. People have to take jobs regardless of whether the wages are low or not. 

 

The problem is profits go up and wages do not. COL goes up and wages do not. This reduces the percentage of jobs able to provide living wages while the numbers in the workforce to not go down. This has been a problem for decades.


Artificial floors reduce demand for jobs, that's economic law. Again, I've never hired an employee for the minimum wage because my employees are worth more, that's the law of you get what you pay for. Anyone only worth the minimum wage is not skilled enough to work for me. Your issue is job availability, not the wage paid for the jobs, and job availability is influenced by the artificial factors placed on the market by the government, not the employers.
“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

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Eateries in Seattle are beginning to shutdown as $15 dollar minimum wage looms - by flsprtsgod - 03-16-2015, 09:10 PM



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