Even with minimum wage hikes, workers are falling behind
Being outpaced by skyrocketing rental costs
Being outpaced by skyrocketing rental costs
Many powerful people have become rich by exploiting workers
Ever-higher minimum wages are pricing more people out of the job market and reducing economic opportunity
As workers get older and become eligible for more pay, they often lose their jobs. That means the overall wage floor is too high
There are still plenty of jobs at the low end of the pay scale. But wouldn’t it be a better idea to simply upgrade your skills?
Government intervention becomes necessary when goods and services are made too expensive as a result of wage hikes
Economists believe that raising the price of low-skilled labour just eliminates many of those jobs