auditor0007
Gold Member
If you pay peanuts you hire monkeys.
If companies paid substandard wages, they would get substandard people, and their profits would suck.
The min wage has destroyed large segments of entry level jobs in this country. When gov't sets a floor on anything they increase demand and decrease supply. It is basic econ 101.
I would really like to see some stats on that statement. Can you please direct us to some of those statistics that show large segments of entry level jobs being lost in the US? Sorry, but I don't buy it.
First of all, the minimum wage, even after the recent increase, is still much lower in real dollars than it was thirty or forty years ago. Secondly, most minimum wage jobs are entry level, and also part-time, which means those workers do not receive any benefits, making their pay extremely low. Honestly, if you can't make a profit on a business paying minimum wage, then you really don't have a viable business to begin with.
And by the way, I am an employer. My company is small, but I do have to consider wages as they are my biggest expense.