@aurabogado Minimum wage increases can *harm* workers, by reducing jobs (among other ways). If not, why not just make minimum wage $200/hr?
"You think it'd be very American to protect American workers," says Grassley, who always votes against minimum wage increases. #CIRmarkup
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@mtpollack You might want to think about inflation, and the fact that US workers are not guaranteed sick pay, vacation pay, health insurance -
@aurabogado Minimum-wage laws discriminate against the least-skilled. If I have to pay $30 anyway, why hire someone I could have got for $5? -
@mtpollack No, this is a myth still sometimes taught in Econ 101. Reality indicates that raising the min wage is good for all workers. -
@aurabogado Hardly a myth. Ask any small-biz owner. Do you really think that if you made the minimum. wage $200, it wouldn't depress hiring? -
@mtpollack Sorry to tell you, it is very much a myth. Most economist-left, right and center-agree that your example wouldn't depress hiring -
@aurabogado It's simply common sense; it's a zero-sum game. If forced to pay more, employers cut hours, benefits, hiring. No free lunch. -
@mtpollack Second time: I'm done with this conversation that's impossible to have tin 140 characters at a time. Have a nice day. - 2 more replies
New conversation -
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@aurabogado They also harm lowest-skilled workers, by forcing them to compete with those who would get higher pay anyway on merit.Thanks. Twitter will use this to make your timeline better. UndoUndo
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