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Originally Posted by Villages Kahuna
Yea, and that’s why it’s far less expensive than it’s being implied by some news organizations.
The reason people aren’t taking low-paying jobs is because they’re low paying. If you read the papers and pay attention to more than just Fox News, you’ll find out that lots of well-known companies are raising their lower end pay scales which has largely eliminated their inability to attract new employees. The economic law of supply and demand is working!
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To a certain degree, you are correct. But at the same time, it is pricing some classes of employees out of the market. Who in their right mind is going to take a chance on a 17 year old looking for work when you have to pay $15/hr? At that rate of pay, you bring some more retirees and stay at home moms with work experience back into the job market. As someone who employed 50+ people, I'd take a 60 year old with experience over a 17 year old any day.
The "lower end" jobs were never really intended to be a career, nor a salary with which you could support a family. I just don't know how kids will get the work experience they need with this new pay structure, not to mention it will make automation , which traditionally was more expensive than a minimum wage worker, much more attractive.