Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 522496975786999842
And you'll cause businesses to shut down
hang on
mhm
you think minimum wage is the gov just giving out a shit ton of money with no regard for averages on income and other statistics?
No
it's setting an income
that employers have to meet
Since it's higher costs, business owners will raise prices
= inflation
and unemployment too and lower working hours
since they need to keep the costs
or they'll shut down
the minimum salary would have to be adjusted to a number that would least effect normal real wages and at the same time provide a acceptable income for low paying jobs
you gotta balance it out
How would you?
it would always cause inflation
and higher unemployment
it's an increased forced cost on a firm
Artificially increasing wages hurts more people
well you'd manage inflation, all countries have inflation. and it's not always bad to have some or create more
you would raise the minimum wage
>employees fire, lower working hours, increase prices of goods
so they end up worse than before
then they'll demand higher wages and the cycle will repeat again with more casualties
sorry if i sound like a cop out but i *really* dont want to jump into this rabbit hole
nah its k
there are obviously problems with regulations
they create problems too
but it's about picking the lesser of two evils
the lesser of the too evils
or the good would be
removing the regulations
Wages will automatically reach market level
in my country if our minimum wage was removed people would be earning very little
because people dont know how to bargain
and dont know their worth on the market
what country?
it's not about bargining
Employees would have to pay them a good amount to keep them
if they were needed lol
you can replace the woman that is cleaning corridors at your office in no time