The minimum wage is always too much, regardless of the level it is set at. People tend to think of the minimum wage as being a safeguard against exploitation of workers by corporate interests, and it is not difficult to understand why this is so. Political interests that platform upon improving the lot of the common worker often claim to help people by raising the minimum wage, or intending to.
However, as with most things where there is any vested interest, the opposite is true. Raising the minimum wage does not improve the lot of the skill-less multitudes; It actually worsens it, which makes perfect sense in every way one might consider.
Some are die-hard fans of minimum-wage statues, often claiming that they improve the lot of the common worker. This is understandable, as they are told to believe this. Ironically, the same people who champion the minimum wage are blind to its obvious inefficacy. They think that they are standing against domineering corporate interests, but they are willfully being domineered by political interests. Evidence can be found in the fairly steady rate of minimum wage increase without a corresponding increase in middle-class wage-earners.
The truth is that minimum wage statutes, more often than not, reduce the income of the unskilled worker to zero. Businesses don't give a flying **** about social equality; they're too busy trying to make a profit in a very competitive environment. Raising the minimum wage simply causes them to hire fewer workers and be more picky about the ones they do hire, which obviously means that they hire fewer people. Where they can't do that, they simply move elsewhere, cut benefits, lobby for tax exemptions, and otherwise do everything they can to avoid the significant increase in overhead brought about by paying unskilled workers more, more-so when one's profit margin is as narrow as those typical of industries that employ unskilled workers.
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