More silly-assed leftism at work --
The true minimum wage is $0.00/hr, and any other mandated wage distorts the labor markets. That is fact. Governments have been playing fast and loose with immutable economic laws for centuries, and while they are expert at obfuscation, they cannot hide the undeniable fact of their missteps, because the data are screaming in everyone's faces!
Every minimum wage law, every legal restriction on the free exchange of capital for goods and labor restrains the natural growth of an economy. That's the obvious first order effect. But there are even more malign ones that do not appear for years. teenagers can't get summer jobs when the minimum wage is higher than their labor is worth. Who wants to pay some pimply-faced 16-year old $20/hour to push a broom around or flip burgers? So that work experience is lost to him, never to be recovered. Companies on the margin of profitability will fail, and companies that are someone's life's dream will never be created because the artificial labor market -- courtesy of our legislators who never worked an honest day in their entitled lives -- has priced them out.
Maybe that would have been the next Apple or Lincoln Electric or Carnegie Steel.
Lincoln Electric is EMPLOYEE-OWNED. Fact. Has been for years. I applied for a job there. when I was a kid. Friend has worked there for 25 years. Leftist scum scream bloody murder about socialism, which they are, but good ol' Capitalist America provides more Employee-owned Companies than ANY 'socialist' shit-hole.
socialism is the ownership by WORKERS of the means of production. Socialist shit-hole Countries don't allow that. EVERYTHING is owned by THE STATE.
Capitalism does a better job of socialism than socialist countries do. Explain that dimocrap scum. You can't. Because you have no belief system. You are simply scum. ALL of you
A list of the 100 largest U.S. companies that are employee-owned through an employee stock ownership plan (ESOP) or other means, ranked by the number of employees.
www.nceo.org