The higher mandatory wages go the less people will have a job.
The quality of a peron’s work has to match the salary. If a person’s work is worth $10 and a company must pay $16, it will not be worth hiring the person so they won’t have a job.
Also run the risk of as mandatory salaries goes up, current employees will be laid off to pay the ones that small companies can still afford to keep on staff.
Nah this is bullshit and has been disproven every time wages are increased (or not increased).
Pay to start a company, then pay to hire a few people, and see what you think of how expensive it is to hire someone and if it’s worth the cost out of your own cash.
If a minimum wage better matched with the cost of living, people wouldn’t need to have multiple jobs, thus the reduction of openings wouldn’t put too many people out of work.
As wages go higher for everybody, inflation costs goes up and pay higher costs for living.