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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote=Anonymous]I'd say that an employer has [b]a moral obligation to pay his workers a living wage[/b] - $7.50 an hour ain't it. Can't pay a living wage? Then you need to do something else. [/quote] That may be, but an employer has a higher moral obligation to his family. Furthermore, the employer has a higher moral obligation to repay any debts and to offer his customers a product/service at a competitive price. It's irrational for any employer to overpay his employees beyond the economic value of their labor because such an employer would be violating his higher moral obligation to his family, lenders, and customers. [/quote]
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