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alright, here's the thing. income mobility has decreased from 90% to 50% and it's continuing to decline. and that's despite the fact that more americans have college educations than ever.https://voxeu.org/article/trends-us-absolute-income-mobility-1940 …
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Fun fact: Norway, Denmark and Sweden, the darlings of the Left these days, have no minimum wage.
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Everyone should have one job in retail and food as a teenager... it will make you a better adult
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Out of touch much?
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That's how it was for me. Financially literate people know that minimum wage jobs do not pay living wages. We need financial literacy taught at all grade and college levels
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I make twice minimum wage as manager at a Taco John's I started at minimum and increased alot it's not impossible but with my diabetes and the dialysis I got two other jobs just need to work more until Trump releases his promised healthcare plan that covers everyone for less!!!
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There is a need for a minimum wage so that those most at risk are not exploited. Market forces do not do it justice. However, raising the minimum wage often has the consequence of a higher unemployment rate. Advocates of extreme positions do not help the poor.
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If a business has to pay a minimum wage of $12 instead of $7, would it fire the employees? How would it make money then? If the product costs $100 and the labor costs are $7 (1h of work), it can raise the price to $105 (+5%) and pay $12/h (+71%) without losing any money.
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