Minimum wage increases eliminate some jobs. Real world
examples abound. As a business owner explains:
The minimum wage kills jobs. End
of story. I am a perfect example. I run a very successful financial advisory
practice, and I would gladly hire two or three teens to work for me personally.
But I will not do it at the minimum wage. They simply don’t bring enough
economic benefit to warrant me paying them that much. So, what’s the end
result? Two or three teens go without a job and instead do nothing. No job. No
experience. No learning. Nothing.
I personally know at least a
dozen seniors in high school and freshmen in college who would jump at the
opportunity to work with me for nothing, let alone $3 per hour or $5 per hour.
All of the ancillary skills and benefits would far outweigh any wage they may
earn. Yet, the minimum wage laws prevent this from happening. And instead they
are just unemployed – economic casualties.
Warren Meyer of Recreation Resource Management, Inc., has
also been prevented from hiring people because of the minimum age, as he chronicles at this link……To Read More…..
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