Quote:
Originally Posted by OneHungLo
Yeah but you have to understand how this all works. Let's say you own a factory and hire 1000 unskilled workers. Each of those 1000 workers can only produce $10 an hour in value for you, which you then in return can afford to pay them $8 an hour and earn $2 an hour per employee. So if they government comes in and says now you have to pay all your employees $15 an hour, what do you do? You either fold up shop and 1000 people go unemployed or you outsource your labor to a cheaper country. Either way there will be 1000 people out of a job.
You're going to end with a lot of unemployed people. And that's just the tip of the iceberg.
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rather than pay 1000 unskilled workers, I'd rather pay 600 that were highly trained to work smarter and willing to do more for twice the pay.
The problem with min wage jobs is the turnover rate is so high. So you pay someone to train them for a few days and the next week you have to train someone else