The Foster's Freeze team in Lemoore, California, felt "shock" as they learned of the restaurant's last-minute closure, Monday, following the state's $20 minimum wage law.
With the raising cost of living, the job market is going to shrink, minimum wage increase or not. It just means that the more fortunate need to pay more to those who are less fortunate if they want to employ someone.
The market obviously can’t regulate itself correctly and needs a little nudge if someone can’t make a living wage from a full-time job. It’s not normal for someone working their asses off full-time and still barely make ends meet and living in squalor. Someone has to give, and these employees are already giving their fair share, it’s justified to ensure they get their slice of the pie.
If they can’t afford to pay a decent wage, then that job has no reason to exist.
With the raising cost of living, the job market is going to shrink, minimum wage increase or not. It just means that the more fortunate need to pay more to those who are less fortunate if they want to employ someone.
The market obviously can’t regulate itself correctly and needs a little nudge if someone can’t make a living wage from a full-time job. It’s not normal for someone working their asses off full-time and still barely make ends meet and living in squalor. Someone has to give, and these employees are already giving their fair share, it’s justified to ensure they get their slice of the pie.
If they can’t afford to pay a decent wage, then that job has no reason to exist.
They were living before and now they have no money. The market was working fine.