The money to pay for an increased minimum wage can only come from four places: other minimum wage workers, in the form of layoffs and reduced hours; higher wage workers, in the form of static or reduced compensation; investors, in the form of lower profits; or customers, in the form […]
4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)
Most of you will be familiar with a supply and demand graph. This shows a demand curve, which graphs the relationship between the price of something and the quantity demanded of that something, as well as a supply curve, which graphs the relationship between the price of something and the quantity supplied […]
The Real Minimum Wage Is Zero
Minimum wage is NOT $_.__ (insert your localities minimum wage here) an hour. The REAL minimum wage is ZERO – which is what you make when over-taxed employers can’t afford to hire you because the only job you are qualified to do isn’t worth $_.__ (insert your localities minimum wage here) an hour.