Slowlane
Literotica Guru
- Joined
- Nov 26, 2004
- Posts
- 13,307
The raise in minimum wage is probably the single most inflationary pieces of legislation to come down on us in a long time.The market always corrects itself, if they would just leave it alone instead of doing things like raising minimum wage, we would be fine.
Raise the min wage and everybody up the line wants a raise. Business raiseses their prices to accommodate and the prices go up. At best, the result is status quo.
As a business owner I often didn't hire because I would hadhad to pay min wage when I might have been able to help someone out by paying them to do a job that didn't need done.
I also believe that the min wage law sometimes sets an artificial baseline for a starting wage. I know people who would start new hires at better than min but don't because the government says the min wage is to be $7.02