Minimum wage hurts, business, workers, government

Published 1:30 am Thursday, January 11, 2024

Here are the common trading procedures: 1. Valuables traded for valuables. 2. Valuables traded for services. 3. Services traded for services. .

There is free trade in most products except dangerous and hurtful ones, with prices arrived at via negotiations between buyers and sellers.

When government steps in and decides wages free trade is dead. Minimum wages force many businesses into closing down by suddenly consuming most — or all — of their livelihood, the profit.

The terrible cost of such changes laid upon both sellers and buyers. But also includes government losing much tax income from both and now instead must pay unemployment for both.

Any further costs involving minimum wages? Yes, indeed. Uncle Sam for some reason wants a desert created in the area below minimum wages! An area especially suited for newer entrants to the working society! An area where job-seekers easily would find jobs commensurate with meager training/education. An area with success ladders no more.

But is this constitutional? Of course not! The law at present could give certain areas of the nation the ability to bring their economy to a standstill! How? By declaring, say, $50 an hour minimum wages! That illustrates how dangerous laws have become while Better Business Bureaus and The Supreme Court sleep!

Gunnar Unneland

Shoreline