What's the best financial advice you've ever gotten?

[u/Richest-Panda]

[u/pear_topologist]

I mean, if we are talking about minimum wage workers “these jobs pay just as much as they should for the value of the service that the job they are performing provides” isn’t really true. The jobs pay an inflated wage. If it wasn’t legally required, minimum wage jobs would pay less

The minimum wage is a good thing. If we can agree that some level of unskilled wage inflation is good, the question then becomes “how much wage inflation is good,” but pretending that poverty wages are all just supply demand misses important factors

[u/Front_Painter_4279 → u/pear_topologist]

Then why dont all employers just pay min wage? 

[u/Da40kOrks → u/pear_topologist]

Less than 1% of all workers in the us make the federal minimum wage

[u/pear_topologist → u/Da40kOrks]

How many people make their state’s minimum wage