Comment Re:$3500 fine? (Score 0) 286
A more sensible argument in favour of minimum wage is that if there isn't one, government assistance to low income earners are in practice a subsidy to companies that then don't have to pay a living wage.
What percentage of people working at (or close to) minimum wage receive government assistance?
I read somewhere that the vast majority of people close to the minimum wage have moved up after a short time.
Noone I personally know who works for minimum wage receives government assistance. Most people
I personally know who work for minimum wage are single kids usually still living at home and getting
their first job. The problem I see with a high minimum wage is that it kills alot of entry level job so you
end up with a bunch of people who have no way of getting job experience. And you can't solve this
by making teenagers exempt from minimum wage as then companies have an incentive to only
hire inexperienced people and the few people who really do need minimum wage jobs are passed over
because they have a higher minimum wage.