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

Because real wages would fall

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

we're not talking about IT guys that are very valueable on the market