$15 minimum wage meeting Joe Fleetwood (MUNZ)

[thegreenseven]

Well intentioned do-gooders think that raising the MW helps low wage earners. Actually, the opposite occurs. What you do when you raise the minimum wage is to ensure that those whose skills are not up to the new rate will become unemployed. The market, if allowed to set wages, will maximize the total number of jobs. That is due to the laws of supply and demand. The number of jobs will be adjusted by the rate the market will bear. Raise the MW and you will see a reduction in the low paid jobs.