Minimum wage is not scientific. It ignores all the inputs that determine a wage (skill set, industry, revenue etc) and replaces it with a feeling. Government officials feel the wage should be x. They ignore all the inputs and substitute them with their own lack of knowledge.
Good article. If one is actually concerned, and they are not, there would be no or a very low minimum wage and a EIT that met a living wage. This would allow low wage and skilled workers access to the workforce and gives dignity to work.
Minimum wage is not scientific. It ignores all the inputs that determine a wage (skill set, industry, revenue etc) and replaces it with a feeling. Government officials feel the wage should be x. They ignore all the inputs and substitute them with their own lack of knowledge.
Good article. If one is actually concerned, and they are not, there would be no or a very low minimum wage and a EIT that met a living wage. This would allow low wage and skilled workers access to the workforce and gives dignity to work.
EIT
Earned Income Tax