The question is why do we even have a minimum wage? It creates a social class thats no different then the cast system!! A cook used to get paid well for being a cook. Now its a low end minimum wage job. More and more good jobs are becoming minimum wage jobs. People lose the opportunity to represent themselves for the pay they deserve.
The origin of minimum wage law is one of racism and lack of knowledge of economics in the population.
Minimum Wage first appeared as a law to make it easier for businesses to hire whites over blacks. The assumption was that if blacks were willing to be paid less than whites to get work and survive, then business owners would have incentive to hire them over the whites. With minimum wage that incentive was gone for low skill labor, allowing whites to gain preferential treatment and get more work. To this day, this is true, if you compare black unemployment to white unemployment after a minimum wage hike, you will see that black unemployment significantly increases in comparison to white unemployment, every damn time.
This intention was well documented in older campaigns by the democrats that they would impose a minimum wage to prevent a white from losing a job to a black.
Minimum wage law also ignores the economic reality that companies cannot pay workers less than a certain amount or workers wouldn’t work for them as they would not be able to sustain themselves at that rate for the local area. Natural economic forces, therefore cause businesses to raise their prices for labor to be high enough to meet the rates of the people working for them. Typical, minimum wage jobs are jobs that are typically designed for no skill young workers who are doing it part-time. Thus the wages move to reflect that. If businesses couldn’t hire young employees willing to work for less, they would be forced to raise wages.
Nowadays it's just another tax on business. They raise the minimum wage and it pushes gross pay up at the lower end. Hell it even gets people off of welfare because of eligibility. Then half a year later they increase taxes and your net stays essentially the same.
Large companies can absorb this but small businesses are usually owned by the middle class. That boss loses money, stops giving real raises, and you're continually mad because you are taking an effective pay cut each year as cost of living go up.
With $700 rent I was paid minimum wage... I’m not a fucking retard though. I was under paid and amazing at what I did so I got a higher paying job lmao. Even then, the job has an Intrinsic value. If some guy produces $10 worth of value an hour, and someone else produces $15. Let’s force them to both get paid the same
The question is why do we even have a minimum wage? It creates a social class thats no different then the cast system!! A cook used to get paid well for being a cook. Now its a low end minimum wage job. More and more good jobs are becoming minimum wage jobs. People lose the opportunity to represent themselves for the pay they deserve.
The origin of minimum wage law is one of racism and lack of knowledge of economics in the population.
Minimum Wage first appeared as a law to make it easier for businesses to hire whites over blacks. The assumption was that if blacks were willing to be paid less than whites to get work and survive, then business owners would have incentive to hire them over the whites. With minimum wage that incentive was gone for low skill labor, allowing whites to gain preferential treatment and get more work. To this day, this is true, if you compare black unemployment to white unemployment after a minimum wage hike, you will see that black unemployment significantly increases in comparison to white unemployment, every damn time.
This intention was well documented in older campaigns by the democrats that they would impose a minimum wage to prevent a white from losing a job to a black.
Minimum wage law also ignores the economic reality that companies cannot pay workers less than a certain amount or workers wouldn’t work for them as they would not be able to sustain themselves at that rate for the local area. Natural economic forces, therefore cause businesses to raise their prices for labor to be high enough to meet the rates of the people working for them. Typical, minimum wage jobs are jobs that are typically designed for no skill young workers who are doing it part-time. Thus the wages move to reflect that. If businesses couldn’t hire young employees willing to work for less, they would be forced to raise wages.
Nowadays it's just another tax on business. They raise the minimum wage and it pushes gross pay up at the lower end. Hell it even gets people off of welfare because of eligibility. Then half a year later they increase taxes and your net stays essentially the same.
Large companies can absorb this but small businesses are usually owned by the middle class. That boss loses money, stops giving real raises, and you're continually mad because you are taking an effective pay cut each year as cost of living go up.
Yes this is also an issue as well. Excellent points.
Had me going for a sec.
With $700 rent I was paid minimum wage... I’m not a fucking retard though. I was under paid and amazing at what I did so I got a higher paying job lmao. Even then, the job has an Intrinsic value. If some guy produces $10 worth of value an hour, and someone else produces $15. Let’s force them to both get paid the same