Increasing the minimum wage increases the demand for automation and skilled workers who know how to use those machines. It isn't going to help low-wage, low-skilled workers.
It also bankrupts small companies and gives giants like Amazon, who can afford it, the upper hand.
It also bankrupts small companies and gives giants like Amazon, who can afford it, the upper hand.
Raising the minimum wage will make poor people even poorer, forcing them to resort to criminality while raising their dependence on welfare.
It's a good economy if you're already made. It's a bad one if you're still aspiring to work your way out of your debts.
Furthermore, that $15 an hour isn't going to be worth much if the price of everything else goes up as companies place the burden on consumers to retain their profit margins.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
