Study: Increasing minimum wage does not reduce jobs
Study: Increasing minimum wage does not reduce jobs
www.publicnewsservice.org
Study: Increasing minimum wage does not reduce jobs
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178 comments
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No, but it makes business owners more likely to outsource or replace with AI.
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Guess we need to get rid of business owners then.
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So if you owned a business, you'd like to be removed from that position?
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I do own a business. I'm the sole and only employee, as it should be unless I want to establish a partnership.
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So you're self employed. This study doesn't apply to you.
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It's going to blow your mind once you find out about cooperatives.
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Or that businesses that employ people in the classic employer-employee way are effectively price-fixing the labor market. The larger they are, the stronger the effect.
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It's going to blow your mind to find out how often new businesses fail.
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Are you just spouting our random things thinking it makes your earlier point more valid?
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How many new business fail?
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I looked it up and it seems like the survival rate of new businesses is about 78% in the US.
The first year seems to be the hardest and each year after that survival rates get better and better.
This data suggests that after 10 years nearly 35% of business are still in business.
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???
What, exactly, do you think your point is?
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Business owners take the risk. Not everyone can start a business and take on that risk. Most aren’t even profitable for years after. That’s my point.
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😂
"I took a managed risk dischargable in bankruptcy once so I can exploit people forever!"
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No. They’re aiming for that regardless.
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"More likely"
If these people could be replaced with AI already, they would be. It doesn't matter how much or little they make.
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178 comments