DYSPEPSIA GENERATION

We have seen the future, and it sucks.

Minimum Wage Fact of the Day

18th January 2013

Read it.

Bottom Line: I think this fact runs counter the narrative about how millions of adults are struggling to work full-time and raise a family, but are stuck in jobs that pay only the minimum wage, which then justifies regular increases in the minimum wage to “help the poor.” The fact that a large majority of teenagers earn more than the minimum wage would suggest the minimum wage is mostly an entry-level wage for beginning workers with no skills.  Even most teenagers can easily earn more than the minimum wage after they acquire minimal jobs skills and work habits, and can demonstrate their value to employers.  If teenagers can earn more than the minimum wage, then any hardworking adult certainly can, and it must then be a false narrative that people “are stuck” for long periods of time in jobs at the minimum wage.

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