You do realize that if that were done, there would be a mass layoff, right? Because minimum wage is a price control. And so if most companies don’t think that workers are worth $24 per hour, they will just lay them off instead and give them zero dollars per hour. If you’d like an example, look at California fast food workers right about now.
Edit: I think it should be raised, but that would be far too much.
Because tons of workers are losing their jobs in California because of a twenty-hour minimum wage. If it was twenty-four, it would be even worse. That is a three-and-a-half times increase from what it is currently. As I said, it should go up, but it should not go up that much. Double it to $15.5 maybe. Most places i am aware of pay around that so it shouldnt spark a mass layoff.
You do realize that if that were done, there would be a mass layoff, right? Because minimum wage is a price control. And so if most companies don’t think that workers are worth $24 per hour, they will just lay them off instead and give them zero dollars per hour. If you’d like an example, look at California fast food workers right about now.
Edit: I think it should be raised, but that would be far too much.
Yeah if you don’t give everyone a small bump every few years you have to do something drastic eventually.
This is the exact same thing that has happened with climate change. We should have been changing incrementally and now we’re fucked.
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Because tons of workers are losing their jobs in California because of a twenty-hour minimum wage. If it was twenty-four, it would be even worse. That is a three-and-a-half times increase from what it is currently. As I said, it should go up, but it should not go up that much. Double it to $15.5 maybe. Most places i am aware of pay around that so it shouldnt spark a mass layoff.
Why can’t they pay CEOs or C-suite execs less to compensate?
Then there wouldn’t be as many CEOs or C-suite executives 😢
They could, and they should. But good luck getting them to do that. LOL.