To: Salman
Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed. Thomas Sowell, Basic Economics: A Citizen's Guide to the Economy
2 posted on
10/07/2023 4:53:05 AM PDT by
mewzilla
(Never give up; never surrender!)
To: mewzilla
“ Thomas Sowell, Basic Economics: A Citizen's Guide to the Economy”
Read that book after graduating from college. That should be mandatory reading in DIE schools instead of the Regressive Nonsense they are forcing on kids now.
4 posted on
10/07/2023 4:57:14 AM PDT by
Chgogal
(Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to he)
To: mewzilla
Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount.The work performed by most waitresses is worth them being paid a minimum wage - IMHO. A problem with tipping is that the amount can vary greatly depending on the restaurant and/or the customer. Think of the waitress getting paid $7/hour who serves a party of 8 giving them a great amount of her time - and then gets no tip or a miniscule 1%.
Possibly a better law would be to require the customer to pay a 15% tip with the option of increasing that amount.
“The laborer deserves his wages.” - 1 Timothy 5:18
To: mewzilla
The modern version of Sowell would be that workers are competing with robots—and robots get paid zero.
50 posted on
10/07/2023 8:45:25 AM PDT by
cgbg
("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
To: mewzilla
“Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.”
Or if he’s employed the cost of what he makes will go up, thus negating his pay “increase” when he goes to buy what he makes.
What the government giveth, inflation taketh away.
57 posted on
10/07/2023 9:51:05 AM PDT by
aquila48
(Do not let them make you "care" ! Guilting you is how they control you. )
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