this post was submitted on 17 Nov 2023
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The higher mandatory wages go the less people will have a job.
The quality of a peron's work has to match the salary. If a person's work is worth $10 and a company must pay $16, it will not be worth hiring the person so they won't have a job.
Also run the risk of as mandatory salaries goes up, current employees will be laid off to pay the ones that small companies can still afford to keep on staff.
Nah this is bullshit and has been disproven every time wages are increased (or not increased).
Pay to start a company, then pay to hire a few people, and see what you think of how expensive it is to hire someone and if it's worth the cost out of your own cash.
You sound like some of the business people I know who seem to think that society owes them a business or that workers are their just deserts for having graced the community with their business idea.
I've been told for 50 years that I'm not owed a job, so I don't know why employers think they're owed the fruits of my labour.
Well it's worth the cost if it makes you a profit and frees up your time to grow the business further. I own a small business. Currently no employees but myself. But I also work a full time job. If my business I get to 10k profit a year for doing little to nothing while an employee does the rest I'm all in. I'll start to grow it till that next employee.