The Minimum Wage Destroys Jobs

An economics prof I had didn't want to admit this point:lolsign:

Of course it creates unemplyment. Since labour is among the biggest expenses for a business, raising them rises (?) the costs for the products. And we're not talking about unionized jobbs...

On the other hand, a minimum wage is, to me, essential. Otherwise, people can barely had the necessary money to buy vital commodities. However, finding the right level is hard...

Jam it back in, in the dark.

Originally Posted by The Wise Vivi

In Ontario, there is a bill being read that will increase the minimum wage in the province to $10 an hour. Currently, it is around $7.75, to be increased to $8.00/hr soon.

$10 an hour is a lot for minimum wage.... I wonder what businesses will be able to do having to pay that much.

i can see that ontario has its share of, er, cloud shovelers (pelleteur de nuages, or making irrealistic statemetns such as raising MW to 10$).

With this measure, québec solidaire (our socialist party) wants to help poverty... Is it me or socialist have absolutely no idea on how economy works?

There's nowhere I can't reach.

socialists and labour unions, usually. They always complain that women (mostly them) don't get paid enough because they are on minimum wage

I'm curious: do women try to get better jobs? Or they are all waitresses?

This thing is sticky, and I don't like it. I don't appreciate it.