/biz/ - Business & Finance

>>14941247
ur wrong tho. Tons of countries that are shitholes have minimum wages.

https://en.m.wikipedia.org/wiki/List_of_minimum_wages_by_country

According to the bls 96% of employed persons make over the federal minimum wage (89% of employed persons make more than all state minimum wages) and as I'd alluded to, most if not all of these people work in positions that would be considered gratuity earning positions such as bartenders, servers etc. who benefit from lower restaurant food and drink prices with often tax-free additional income that is in part performance-based. It's not perfect, but it's our custom I guess. Anyway the point is relatively few people are making these minimal wages and why is that? If the government says that you only need to pay your employee $9 an hour why are the vast plurality of people being paid and earning more?

The fact is it's much better that these people are earning less "on paper" under our asymmetrical laissez-faire system because the baggage associated with any umbrella legislation that increases anything by default be it minimum wages (thus costs for both employer and ultimately customer) or lines of credit (like they've done with tuition) is far worse than simply letting bartenders be "poor" taking home $150 in tips a night for listening to boomers' problems on top of their meager $70~ paycheck or encouraging D-students to get a job out of highschool instead of starting over 4 years later in massive debt from a college course no potential employer could conceivably find value in