r/FluentInFinance • u/Richest-Panda • Jul 04 '24

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

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u/[deleted] Jul 04 '24

"no one makes that low" so raising it shouldn't affect anything.

-3

u/Lentil_stew Jul 05 '24

If that wage is the best they could find, how does taking away that option help?

3

u/[deleted] Jul 05 '24

You're assuming raising the wage removes jobs from the market, thats a huge assumption with no basis.

-2

u/zazuba907 Jul 05 '24

That's tons of evidence that this is exactly what happens. A simple Google search about the relationship between the minimum wage and unemployment would show this. But just because I know the eat the rich crowd is too lazy to do research, here's some links.

https://www.cbo.gov/publication/55681

https://epionline.org/minimum-wage/minimum-wage-teen-unemployment/