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.
nostr:npub1kpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qqdxxzz4 nostr:npub1ukcz3c3ek9ugnmrj37cjm2q9gsaqss5j9dqwpqmx0tgkzudsseqqcp40jn No, this is poor reasoning.
Setting a minimum wage fixes the problem that people cannot live on that wage. The fact that it introduces another problem doesn't negate the good done.
The next step is to address the problem of displaced, under-educated workers.
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It literally has no effect other than to cause all the people who are making less than a minimum wage and barely able to feed themselves into people who now have no job at all and are in a much worse position, starving, meanwhile more educated/skilled people have replaced their job, people who would have made a living wage regardless.
No it doesnt fix a problem.. it makes a problem much much worse and fixes nothing.
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