No, they would not have jobs at all. With the extra supervision and care required, I seriously doubt these companies are saving money, and in fact are probably paying more than minimum wage at the end of the day.
I’m guessing it’s more of a “put people to work so they can feel productive and good about themselves” rather than “evil capitalist plot”.
OTOH, for all lemmy harps about the minimum wage, almost no one gets paid that.
The percentage of hourly paid workers earning the prevailing federal minimum wage or less edged down from 1.3 percent in 2022 to 1.1 percent in 2023. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis.
OTOH, for all lemmy harps about the minimum wage, almost no one gets paid that.
Is that cause or effect? I.e., is nobody paid that because it’s ridiculously low and hasn’t kept up with inflation? If minimum wage was $0.01, then the number of people paid minimum wage would be 0%, but I don’t think that’s a good thing.
If we implemented reasonable a UBI then I could actually see eliminating minimum wage laws. There’s not much reason to have a minimum wage if everyone is already guaranteed a minimum income.
OTOH, for all lemmy harps about the minimum wage, almost no one gets paid that.
The percentage of hourly paid workers earning the prevailing federal minimum wage or less edged down from 1.3 percent in 2022 to 1.1 percent in 2023.
I don’t think 3 million people is ‘almost no one’.
And that’s only what the statutory minimum wage is currently. If the minimum wage had kept up with inflation, it would be $25/hr by now. About a third of Americans make less than that.
And that’s only what the statutory minimum wage is currently. If the minimum wage had kept up with inflation, it would be $25/hr by now. About a third of Americans make less than that.
No, they would not have jobs at all. With the extra supervision and care required, I seriously doubt these companies are saving money, and in fact are probably paying more than minimum wage at the end of the day.
I’m guessing it’s more of a “put people to work so they can feel productive and good about themselves” rather than “evil capitalist plot”.
OTOH, for all lemmy harps about the minimum wage, almost no one gets paid that.
https://www.bls.gov/opub/reports/minimum-wage/2023/
So maybe paying them minimum wage wouldn’t make a difference?
Is that cause or effect? I.e., is nobody paid that because it’s ridiculously low and hasn’t kept up with inflation? If minimum wage was $0.01, then the number of people paid minimum wage would be 0%, but I don’t think that’s a good thing.
If we implemented reasonable a UBI then I could actually see eliminating minimum wage laws. There’s not much reason to have a minimum wage if everyone is already guaranteed a minimum income.
OTOH, for all lemmy harps about the minimum wage, almost no one gets paid that.
I don’t think 3 million people is ‘almost no one’.
And that’s only what the statutory minimum wage is currently. If the minimum wage had kept up with inflation, it would be $25/hr by now. About a third of Americans make less than that.
Centrists consider that a win.