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It doesn't change government payout. Instead of one person receiving ϑ, now two people would receive ϑ/2. Government payout would be the same. This is all theory of course... because someone making $8/hr right now is probably also getting government assistance.
I don't think we've changed demand at all. $8/hour was being pumped into the economy by one job before and now $8/hour is being pumped into the economy via 2 jobs. The dollar amount stays the same. The difference is that now there is twice as much productivity for the business, and two people gaining experience rather than one sitting on the sidelines never getting an opportunity.
Again, this is all just food for thought based on the previous poster who said they absolutely would work for $4/hour. I wonder how many others would.
Businesses can make MORE money by hiring the same number of employees, make them work just as hard as they did when making $8/hr. How many times has the C-D said "businesses aren't charities?". Businesses will say whatever they want to appease crowds like us, but in the end, I would be very skeptical when they make claims that "sure, we'll hire twice as many people because 'now, we can'".
Excellent point. Especially younger people entering the workforce for the first time at minimum wage - oftentimes one has to start at the bottom and work their way up. Many of us sucked it up early in life doing a mundane job for minimum wage - fast forward 10-15 years and we're doing much better in terms of both the jobs we do and the money we make.
If someone in the work-force is still making working for minimum wage because they are not qualified to do any other type of job...the job is likely not the problem.
In my case, I worked for minimum wage in college delivering pizzas for 3 years - in order to help me pay for my degree, which then allowed me to go to grad school, which allowed me to get a real entry level job in my field, which eventually led to me having the job, position and salary that I have now.
Would you be willing to share when you went to college? These days, some kids are forgoing MW jobs to pour more time into their studies, and otherwise have fun while they still can (when getting a real job, you need time to build up PTO). It barely pays the cost of textbooks, whereas decades back... 80s, 70s, etc.... you could cover your whole tuition.
They are generally terribly jobs. I totally understand why a person would want to do nothing and collect government benefits instead of doing the jobs. That setup is the fault of governments, especially the United States' federal government, for putting into place incentives that dis-incentivize work and incentivize getting free government handouts.
The answer to your first question is in the question; because the job is minimum wage. Companies tend to fire their employees over trivial things because minimum wage workers are a dime a dozen and are easily replaceable.
Voluntary attrition is also sky high, as these jobs are a dime a dozen.
the minimum-wage jobs have the highest hiring-standards but for the least amount of pay
LOL. Just the reverse.
Better jobs have multiple rounds of interviews, multiple people each time, plus phone screens to talk for 30-60minutes to weed out those not worth investing time in for round one.
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