"How the Minimum Wage hurts young people - Granite Grok

“How the Minimum Wage hurts young people

Raise the minimum wage – who benefits?  Mostly unions – after all, they are amongst the most vocal of advocates.  Why?  Look at the escalation clauses in many of their work contracts.

Does it really help those at the bottom rungs of the economic ladder?  Is the minimum wage’s purpose, if you listen to Progressives, is to support a family?

One also has to ask – what about the freedom to contract between a prospective employee and an employer, especially when a minimum wage denies employment to those trying to get a start in the labor market?  We never seem to get an answer out of Progressives to the question of “How high is high enough – and when is it too high”?  For them, however, it is always too low.  I’ll also bet that most of them have no idea of what wage compression is and how insidious it is amongst co-workers.

This too – we’ve been writing a lot about how the fast food industry is moving away from human labor to automation due to the artificial increase in the minimum wage.  As far as the example in the video, lawn mowing, I still do it myself.  But if I was that homeowner in the video, there are several lawn cutting robots already on the market…

And that’s why I hate the Government’s meddling – I’d rather pay that teenager instead but if the Government forces me to pay more than I want to, why should I?  And a budding entrepreneur never gets the start he needs.  That’s not “opportunity”, that’s a shame.

(H/T: Liberty Unyielding)

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