I support the abolishing minimum wage laws. We have the right to work for whatever pay we agree on with our employers. I owe my current career to working WELL BELOW minimum wage when I was almost 30. Here's how sub-minimum wage work opens up opportunity.
After working in public policy for over 10 years straight, I decided to switch careers and get involved in the exciting and rapidly-growing crypto and blockchain industry. But I had no relevant experience. I could write, but that's it. So I got a job with a news publication. They paid me ~$20 per article (in Bitcoin), and it took me several hours to finish each in the beginning. I worked my ass off for not much over $10k per year. It was a struggle, but I fed myself and got the experience needed to still work and live on crypto 8 years later.
Having little experience, there's no way I would have gotten the job if they had to pay $15+/hr. I would have had to work as an unpaid intern, which I could not have afforded at the time. This job flexibility can help a lot of people!
Remember, a $15 minimum wage doesn't mean every job that paid less must now pay more. It just makes it illegal to work for $1, $2, $3, etc. The real minimum wage is, and always will be, $0. If whatever a job paid before is now illegal, $0 is the new wage.
We need MORE sub-minimum wage jobs, not fewer. Preferably stackable ones. Imagine being paid $5/hr. each to moderate 5 separate online forums over the weekend. Just sitting around in your jam-jams for a few hours occasionally banning trolls for $25/hr., not a bad life! Read Frédéric Bastiat's What Is Seen and What Is Not Seen. Lots of times when you don't understand basic economics, you end up causing way more harm than good.
Thanks for reading everyone, enjoy your week! ☮️