March 6, 2019 Finance 0

Amazon is going to be the leader…and the costs are already apparent:

https://www.theguardian.com/us-news/2019/mar/06/whole-foods-amazon-cuts-minimum-wage-workers-hours-changes

 

This high minimum wage is going to mean the very folks who say they cannot live on minimum wage will not be able to live on the higher minimum wage because it will result in hourly cuts.  the minimum wage is not mean to be a life wage..it is a starter wage.  Most folks have the ability to gain skills that will allow them to move up…the biggest issue i have seen is folks are UNWILLING to do the work needed to improve their skills to enable them to EARN a higher wage…they want it GIVEN to them.  A higher minimum wage will most likely not pull folks out of poverty..it will simply expand the ranks of the impoverished as their hours get cut in proportion to the mount the higher minimum wage costs the employer.