Quote:
Originally Posted by raymor
I see fast food companies advertising $9.50 / hour.
Minimum wage is $7.25. I conclude that even indulged jobs for teenagers already pay more than minimum wage, so minimum wage is no longer relevant.
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Thank you for point that out. Highlights the market dynamics behind wages. So even if there is NO minimum wage, employers would still be under pressure to pay prevailing wages based on industry and skill level of the employee.