A Minimum Wage Equals Minimum Jobs: The unseen costs of minimum wage laws
"Wage minimums tell employers: 'Don't give a beginner a chance.'
Such losses are hard to see, but they are widespread.
One company closes because it can't afford to pay higher wages.
Another decides to produce its product with fewer workers, and another never expands.
Perhaps most importantly, there's the business that never opens.
The people who were never hired don't complain—they wouldn't know whom to blame—they don't even know that they were harmed.
They are the unseen victims."
No comments:
Post a Comment