Minimum wage
For it or against it?
As Chris Rock once said: “I used to work at McDonald's making minimum wage. You know what that means when someone pays you minimum wage? You know what your boss was trying to say? 'Hey if I could pay you less, I would, but it's against the law.'"
I used to be for it. You get paid a bare minimum. Enough to survive. If you want more, you develop your skills and aim for a better job/career.
Then I was against it. Competition and an open + free market would regulate wages for specific jobs.
But now all I see is the cons of both sides. Not sure whether it's a good thing or a bad thing.
i.e. minimum wage increase = cost of living increase + inconsistent with inflation = no point in increasing in the first place
i.e. no minimum wage = always someone more deseprate for a job and willing to work for less money than you = broke and jobless
As Chris Rock once said: “I used to work at McDonald's making minimum wage. You know what that means when someone pays you minimum wage? You know what your boss was trying to say? 'Hey if I could pay you less, I would, but it's against the law.'"
I used to be for it. You get paid a bare minimum. Enough to survive. If you want more, you develop your skills and aim for a better job/career.
Then I was against it. Competition and an open + free market would regulate wages for specific jobs.
But now all I see is the cons of both sides. Not sure whether it's a good thing or a bad thing.
i.e. minimum wage increase = cost of living increase + inconsistent with inflation = no point in increasing in the first place
i.e. no minimum wage = always someone more deseprate for a job and willing to work for less money than you = broke and jobless