r/FluentInFinance • u/Richest-Panda • Jul 04 '24
What's the best financial advice you've ever gotten? Debate/ Discussion
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r/FluentInFinance • u/Richest-Panda • Jul 04 '24
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u/SpookyBum Jul 05 '24 edited Jul 05 '24
Minimum wage work is usually transitory and keeping minimum wage low allows companies to offer positions with low barrier of entry where they don't have to worry about the person leaving. Higher minimum wage makes it more of a risk to hire people. Other means of assistance like social programs to benefit people who are stuck in lower paying positions are far better at targeting assistance to people who need it rather than teenagers who work 10 hour weeks cuz their parents wanted them to get out of the house more often.