I've seen some terrible posting in my day, but this cat took the baton and went Jesse Owens on us. Regardless of whatever else happens by the end of the year, let it be known that this is my WPOY Nominee
The majority of minim wage workers are kids just entering the workforce with no work experience or skills.
I don't think employment has anything to do with economic growth, its simply employment. Serving a market need that was underserved or opening a new market would lead to economic growth.
That said on the basic level of the usefulness of the minimum wage , your argument is lacking.
If no one will take a 3 dollar salary then its pointless to have a minium wage since the market itself will find the equilibrium to whats an accepted price for a position, correct?
If McDonalds is able to still get workers paying 4.75 what does it matter? Obviously the people who work there are choosing to work there, they aren't being made to work against their will, so what is the problem?
Minimum wage being what it ist , people are not allowed to take a 3 dollar an hour job. They are refused the opportunity to entertain the thought.
Actually we don't know that no one is willing, because it isn't a option.



With no jobs, there is no money being put into the hands of the consumer, with no money put into the hands of the consumer, no consumer spending, with no consumer spending, no financial growth, with no financial growth companies cannot expand or create new markets.

