@freemo @clacke minimum wage prohibits the assignment of jobs whos nominal value is below the minimum amount that can be paid.
it results in either having to batch jobs (ex. the groceries won't be orderred until i need enough to cover the minimum) or overloading jobs (i'll just add it on to the other guy i already pay 15$ an hour)
it results in either having to batch jobs (ex. the groceries won't be orderred until i need enough to cover the minimum) or overloading jobs (i'll just add it on to the other guy i already pay 15$ an hour)
@icedquinn @clacke @freemo Minimum wage also forces businesses to innovate ways to increase worker productivity. A worker's value isn't just what they bring to the table, it is also what your employer does with you. #economics #econ
@52fighters @freemo @icedquinn Yes. Somehow we're not 97% unemployed after farming was reduced to 3% of the workforce.
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Exactly, because fewer people decided to be laborers and more people than before are becoming educated or otherwise acquiring more marketable skills and it all balances out :)
