Should There Be a Minimum Wage?
Showing only #6131 and its comments.
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Artists can focus on making art early on when they are starting out.
Imagine a singer in Nashville that is just starting out. If they are able to find a minimum wage that is decent enough for them not to think about having a good place to live and having good meals, they can instead focus on making music.
Those artists should get a job that pays more on its own, not get the government to force employers to pay them more. Otherwise one might as well argue that the government should force employers to pay employees a trillion dollars for one minute of work so they never have to worry about money again…
having a good place to live and having good meals
Those goals are actually more attainable without minimum-wage laws. That’s because minimum wage laws, like most regulations, make it harder to create common preferences (and thus wealth). See #6133.
having a good place to live and having good meals
The employer hires someone not for charity but because of the value they bring. That value isn’t suddenly increased by making hiring them more expensive.