Herald columnist James McCusker, in a recent column, says: “What has changed is that much of the service sector, which drives our economy, is dependent on entry level workers. Today’s employers find themselves unable to raise wages for new workers without raising them for all workers…and probably for the workers’ leads and supervisors and managers also.” (“Occam’s Razor may apply to employment-inflation puzzle,” The Herald, May 11).
Another reason to reject price control on wages, the minimum wage law. New hires unwittingly causing chaos by being “over-paid” — by law!
An additional, partial damage assessment: Imagine a $10-an-hour minimum wage enforced somewhere. Citizens looking for a temporary job at a lower rate and not finding a single one! Millions of jobs outlawed by the stroke of a pen. Hurting employees, employers, product development, customers of all kinds, tax revenue, unemployment expense, citizens — often young and not capable, educated or experienced enough to join higher wage competitions, the handicapped, people in recovery needing a job and at-risk minorities in larger cities.