What do you think is better? More people employed earning less OR Less people employed earning more?
Raising the minimum wage has the latter effect.
I'm not against a minimum wage, but it's a clear Dilemma.
What does maintain a balance and make higher base wages attractive for companies is if business taxes are lowered proportional to rises in a baseline wages (or proportional increase in wages across the board), the only person who has less in this situation ins the Govt - Not good for you welfare fiends but in more centre-right systems it's effective - The business doesn't have to cut costs (which ultimately means fire lots of people) in order to maintain their bottom line.
Raising the minimum wage has the latter effect.
I'm not against a minimum wage, but it's a clear Dilemma.
What does maintain a balance and make higher base wages attractive for companies is if business taxes are lowered proportional to rises in a baseline wages (or proportional increase in wages across the board), the only person who has less in this situation ins the Govt - Not good for you welfare fiends but in more centre-right systems it's effective - The business doesn't have to cut costs (which ultimately means fire lots of people) in order to maintain their bottom line.
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