If wage controls were negatively impacting the labor market then you have to look at it but I don't think a minimum wage at 50-60% of the $15 number is too problematic. It's when the measures get drastic that you run into problems.
Creating an artificially built in baseline to reduce people starving in the streets is very +EV for society, but it is a fine line.
Its about time you posted something worthwhile!
No, there should not be a MW. The monetary value of work does not rise simply because the government instructs it to do so. If the government raises the MW above the value of the work, then the employer will opt to simply not purchase the labor. It isn't that hard to see this one through to its logical conclusion.
Problem is...dimocraps are willfully blind to the fact that businesses are not bottomless wells of money.
Minimum wage jobs are not intended to support families, they're usually intended for kids and students and maybe a second job
Businesses, especially international corporations, have a business plan and wages are undoubtedly a significant part of that equation. When politicians randomly and sometimes recklessly manipulate a big part of that plan, adjustments have to be made to make the numbers work.
People lose jobs, while others work fewer hours because they can't make too much money.
While the biggest winner of them all are labor unions, who's rank and file tend to benefit the most with automatic pay increases every-time politicians try to run other peoples' businesses, when they can't even balance their personal checking account.
it's nothing about supporting families, it's all about wedge issues and kickbacks
