Quote:
Originally Posted by beemk
This thread is painful to read. How funny people who don't run a business have all the insight on how businesses should structure their pay.
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Yeah, everybody is stupid to look at the employment market and make sure it never becomes de facto slavery.
Everybody should be free to work for $1 a day; that way a lot of people will be hired and
then companies can become very profitable by colluding to fix the wage at $1/day at every
firm and therefore forcing everyone into this fantastic profit scheme.
Serious question :
If minimum wage doesn't matter then why does illegal immigrant working matter?
The illegal works "under the table" for less then minimum wage and people complain that
this is unfair.
And what about society as a whole, minimum wage versus crime?
As long as selling crack on the street corner makes 3 times more then flipping burgers there will be crack on the corner. When it gets down to 2 times as much people start weighing the risk more and go flip burgers.