| | | >> Double the minimum wage Steve. Those folks will be motivated to work, and they'll pay taxes. Might cost a little more for your Big Mac but you'll survive. And we'll have a better society.
If you double the minimum wage, e.g., make hiring more expensive, there will be no jobs available.
A great example is the liberal news magazine, Slate, which a few weeks ago came under criticism for its unpaid intern program (after they criticized Walmart for paying only 1.5x the minimum wage).
Slate said, "Oh, we're sorry. That was a mistake. So, effective immediately, we're going to pay our interns minimum wage." Sounds great. EXCEPT, they added parenthetically, "But instead of hiring 12 interns, we will hire only 10."
That's the problem with minimum wage. If you increase the cost of hiring you're going to get less hiring. Just as Slate found when they tried to accommodate the complainers ... |
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