Minimum wage works. Here is an article from the german newspaper FAZ (leans economically right) that presents a study that shows the low income sector has shrunk since the implementation of minimum wages.
Germany before had one of the biggest low income sectors in the western world.
And no, the unemployment rate did not skyrocket. In fact, Germany is as close to full employment as it gets.
Ah, got it, so all our problems are the fault of those pesky workers wanting to afford to survive, and not those who refuse to function unless they’re exploiting others…
Makes perfect sense, “economist”… 🙄😂
You clearly don’t have even a basic education in economics. There’s enough data across a variety of jurisdictions and history at this point to establish the effectiveness of the minimum wage.youre choosing to ignore that and simp for managers and capital owners.
Since as many as 10 percent of the lowest-wage workers leave or start jobs every month, any decrease in the number of full-time equivalent jobs will mean that some workers will take more time finding a new job, or will work fewer hours. But many of these workers may still see their annual earnings rise because of their wage increase.
Having bit more than basic education in economics, I suppose.
Well there’s your problem: neoclassical / neoliberal / Chicago School economics, which has become hegemonic in universities around the capitalist world, is garbage.
It doesn’t even happen a statistically significant number of times, you’re just parrotting what executives want you to believe, believing they know what’s best for you
Is it more or less a fantasy than the fantasy that every employer is able to pay the minimum wage?
If you need staff, but can’t afford to pay them adequately, but also can’t run it on your own, your business isn’t viable, and you suck at math and pricing your goods and service(s).
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If company can’t pay it’s workers a living wage, that company shouldn’t exist.
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And should be given welfare check.
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Minimum wage works. Here is an article from the german newspaper FAZ (leans economically right) that presents a study that shows the low income sector has shrunk since the implementation of minimum wages.
Germany before had one of the biggest low income sectors in the western world.
And no, the unemployment rate did not skyrocket. In fact, Germany is as close to full employment as it gets.
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Ah, got it, so all our problems are the fault of those pesky workers wanting to afford to survive, and not those who refuse to function unless they’re exploiting others…
Makes perfect sense, “economist”… 🙄😂
You clearly don’t have even a basic education in economics. There’s enough data across a variety of jurisdictions and history at this point to establish the effectiveness of the minimum wage.youre choosing to ignore that and simp for managers and capital owners.
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These folks seem to have a different understanding than you.
Specifically:
Well there’s your problem: neoclassical / neoliberal / Chicago School economics, which has become hegemonic in universities around the capitalist world, is garbage.
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You are not entitled workers just because you started a business. Pay them well or don’t run a business
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It doesn’t even happen a statistically significant number of times, you’re just parrotting what executives want you to believe, believing they know what’s best for you
You clearly don’t have more than a basic education in economics if you’re peddling debunked bullshit.
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Good for your family I guess. Now study cybernetics.
Is that why it seems you have negative wage?
If you need staff, but can’t afford to pay them adequately, but also can’t run it on your own, your business isn’t viable, and you suck at math and pricing your goods and service(s).
I’m afraid that it’s really only a tiny bit more than basic education. Empiric studies refuted the negative effect of minimum wage on employment.
https://www.youtube.com/watch?v=4epQSbu2gYQ
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Sorry I was a bit oversimplified. Had to get off the pooper.
If they can’t pay the minimum wage they should not exist