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The Problem of Minimum Wage
...As I’ve said before, economics is a science. Trying to legislate it makes as much sense as legislating the law of gravity or the rate of rain fall. It might make you feel good, but it doesn’t work that way.The way it works is by seeking other channels, which include being paid "under the table", forcing other employees to work unpaid hours (trust me, it can be done, particularly in a bad economy) and firing the dead weight, and ... hiring illegal labor. The US doesn’t have an illegal immigration problem. The US has a minimum wage problem. Posted by: g(r)omgoru 2017-02-11 |
| http://www.rantburg.com/poparticle.php?ID=480985 |