Why Nostr? What is Njump?
2023-08-05 20:30:08
in reply to

🎓 Dr. Freemo :jpf: 🇳🇱 on Nostr: npub1ukcz3…p40jn Because minimum wage is well known to cause unemployment shifts ...

Because minimum wage is well known to cause unemployment shifts towards the poor... Higher minimum wage means hiring shifts so that fewer poor/low-educated people are hired and more higher-education people are hired. Minimum wage effectively increases unemployment amongst the group of people that you are trying to help (the poor) doing more harm than good.
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npub1ztdf3gaxd768ks6jdvdjg853ma3jhl2qtrw9xeyn3hyn9l5nzyvq5enwdy