nostr:npub1kpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qqdxxzz4 How does minimum wage cause harm to the poor?
nostr:npub1ukcz3c3ek9ugnmrj37cjm2q9gsaqss5j9dqwpqmx0tgkzudsseqqcp40jn Everyone wants more, everyone thinks they arent treated fair. Companies think they pay too much for employees and may just as well view themselves as the one not getting fair treatment.
The anti-trust laws on companies is specifically there to ensure fair market value (no price fixing), so thats already how they get fair treatment.
I am also against minimum wage, it has caused enormous harm to the poor.
Discussion
nostr:npub1ukcz3c3ek9ugnmrj37cjm2q9gsaqss5j9dqwpqmx0tgkzudsseqqcp40jn Because minimum wage is well known to cause unemployment shifts towards the poor... Higher minimum wage means hiring shifts so that fewer poor/low-educated people are hired and more higher-education people are hired. Minimum wage effectively increases unemployment amongst the group of people that you are trying to help (the poor) doing more harm than good.