Why can't people just get green-pilled on the minimum wage already? I've noticed that when topics like these come up people usually say something about how the minimum wage needs to be higher when the existence of a minimum wage is arguably causing/contributing to these problems.
The market sets the price of labor just like the market sets the price of goods. People think that the minimum wage will force employers to raise wages when in reality it just makes those jobs illegal, even if both parties, employer and employee, have an agreement. E.g. what are you going to pay California's hundreds of thousands of homeless people with little to no skills $15/hour to do? Are they really better off with a $15/hour minimum wage working 0 hours and making no money? They have no path up the economic ladder if we chop off the bottom rungs.
The market sets the price of labor just like the market sets the price of goods. People think that the minimum wage will force employers to raise wages when in reality it just makes those jobs illegal, even if both parties, employer and employee, have an agreement. E.g. what are you going to pay California's hundreds of thousands of homeless people with little to no skills $15/hour to do? Are they really better off with a $15/hour minimum wage working 0 hours and making no money? They have no path up the economic ladder if we chop off the bottom rungs.