M
markomalley
Guest
Why? As opposed to letting the labor market find its own level (coupled with controlling immigration so that the market isn’t flooded with people who are more than willing to work for peanuts).I see what you are saying and I do agree about the scenario of an employer hiring 100 people and the negative consequences of doubling the minimum wage. While some people want to raise the minimum wage to a living wage (which would be bad) I am in favor of moderate annual increases of the minimum wage to match the inflation rate. Considering that about 5-7% of the workforce makes minimum wage its not an issue that I see that can hurt most businesses if its moderately increased.
You have to consider that the vast majority of jobs out there are NOT minimum wage jobs. Those jobs seem to be able to find their own level to balance the availability of labor with the correct skill sets and the value the person adds to the manufacturing / service delivery process. Why not allow the same for the entry-level jobs?
(Again, with the constraint put on that serious controls are put on immigration to prevent flooding of the labor market)
The constant complaint that immigration advocates use is that there are jobs that people won’t do. Perhaps it is that there are jobs that people won’t do for that price. To me, that is not an argument to allow unrestricted immigration…it is an argument to increase the wages so that people will be willing to do the work.