Let capitalism do the work. A fifteen dollar an hour minimum wage.
/——-/ A minimum wage is counter intuitive to capitalism. It smacks of socialism
It also doesn't work.
Increase the minimum wage -> drives up other salaries -> drives up prices -> low end workers want more pay
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/——/ Many Union contracts are tied to the minimum wage. If it goes up $1 then their Union pay automatically increases $1. That’s why Union thugs support higher minimum wages.
Very true. And yes, unions do for that reason.
But it's way beyond that. If you pay someone worth $10 more than that, say $15, what happens to people worth $12? You need to pay them $18, not $15. Note it's not $17 either you have to pay them proportionally more, not nominally more.
They are worth more because they work a little harder, smarter, more reliably. If you pay someone less worth less, they will become unmotivated. Minimum wage is like a ripple in a pond up the wage scale.
Then as I pointed out, it's a vicious cycle. We increased pay but not value of employees, so prices have to go up to compensate for the wage increases. Then the low end needs a raise to pay them. Raising the minimum wage increases cost, it does not increase value. We solved nothing.
And the bad part for low end employees is that jobs were shed along the way. Companies looked at every option, including staff reductions, automation, process design along the way. Leftist policies are about making people feel good while you screw them