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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote=Anonymous]There is a troll in here who doesn’t believe in minimum wages at all, and likes to use economic jargon to scare people off. But here’s the truth. Employees in low wage jobs typically do not have adequate bargaining power or leverage to find better wages, particularly in paces without a ton of economic activity, and that’s why we’ve had minimum wage laws in every developed economy. Stop arguing with a stupid people. We are keeping those laws and the wage will go up, because it has to over time. It actually has a perverse effect when it is too low—it’s a drag on everyone else making more than the minimum. It’s a drag on the entire economy. So yes, in an ideal randian utopia, everyone will be able to bargain appropriately for their labor. That doesn’t exist. Go away troll.[/quote] Trust me, that troll doesn’t support collective bargaining under any circumstance.[/quote]
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