this post was submitted on 13 Feb 2024
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Minimum wage is usually not a good thing. When you set a minimum wage, you essentially disbar people who cannot reach that wage level from the workforce completely. It hurts the weakest people of the community the worst (they are the ones who become unemployable), and doesn't matter for the strongest at all (they are always above the minimum wage level).
Living costs is the actual problem there, and that can be fixed by lightening up the governments: e.g. freeing up zoning permits and lower taxation of things essential to the poor.
This is actually an entirely-debunked far-right talking point. Minimum wages help everyone.