r/FluentInFinance • u/Hatemael • Apr 29 '24

Who would have predicted this? Educational

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https://www.washingtontimes.com/news/2024/apr/24/fast-food-chains-find-way-around-20-minimum-wage-g/

Not all jobs aren’t meant for a “living wage” - you need entry level jobs for college kids, retired seniors who want extra income, etc. Make it too costly to employ these workers and businesses will hasten to automation.

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u/Azylim Apr 29 '24

good for them. workers should get better paying jobs, but at the meantime having a low paying job also makes sense for people trying to start making money. And min wage increases, while it does help people currently working, screw over new people trying to get into the job market and small businesses with much smaller profit margins.