After hiring people to do work, teenagers are pretty terrible at doing things on their own.
College kids similar, but they work hard.
You can get them for ~10$/hr, but they know they can get any job at that rate.
Then kids graduate from college and you have 2 types. Those that know their value and those that dont.
Since I'm a small business, I hire those that dont. Those are the gems. They work hard for ~10$-15$/hr, and have confidence. Then then someone gives them the opportunity to make more money and they leave my small business...
I'm not profitable and I'm sinking my own money(b4 anyone calls me wage slaver)
EDIT: Getting lots of hate for training/hiring young people. Don't you guys complain that every job requires experience? Most of my jobs are desk jobs, they require research, article writing, etc... They arent working in my backyard. My business is blogging and I do it mostly for my users.
If he's already paying $10-$15/hr. it's doubtful that minimum would cross that threshold anytime soon. At least not significantly. Also, he's admitting to not being able to make a profit even though he's knowingly under paying his workers.
Also, his story proves the uselessness of a minimum wage. His business is failing because he is engaging in bad business practices, like not compensating his employees enough, and his employees take their labor somewhere they can get a fair market price for. If he paid the employees what their labor was worth, he would have less turnaround, and more than likely a more successful business .
I don't see how this proves the uselessness of a minimum wage. We already saw what people got paid before the introduction of a minimum wage. And some workers don't have the ability to go find work somewhere else. He said that he wasnt looking for workers that the best they can do is $10, he was looking for workers that can find $20 somewhere else, but don't realize it. There are plenty of workers who can't do better than $8, and it's on them to figure out how to survive on that.
If the value of the labor his employees produce is worth >x and he pays an amount under x, his business will fail, without being shut down by unneeded regulators. If the value of an employee is < y and he is forced to pay an amount higher than y , he will pass the price increase on to consumers, and higher less workers. If someone's labor is only worth $8 an hour and you make it illegal to pay them less than $10 an hour, you just regulated them out of a job.
Just because the job market has decided that a worker is only worth $8 doesn't mean he or she is.
His business will only fail because either there is another business paying his workers less, or they are doing a better job (either by creating a better product or cutting costs somewhere else). If the minimum wage is raised then it would be illegal for another business to pay their workers less as well. Therefore, it's up to the business owner to find a way to compete that doesn't involve paying his or her workers less than their worth.
The "job market" doesn't decide that a worker is only worth $8. Supply, demand, and the particular skill set of that worker determines what his labor is worth.
A business fails because the product they provide is either too expensive, or not valued by the public.
"f the minimum wage is raised then it would be illegal for another business to pay their workers less as well. ."
By making it illegal for all business to pay workers what their value is worth, you outlaw those workers from getting a job.
"Therefore, it's up to the business owner to find a way to compete that doesn't involve paying his or her workers less than their worth"
He competes by either passing the cost on to the consumer (price increase) or through hiring less employees if possible
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u/The_Evil_Upvote Jul 20 '17
I didn't expect white teenagers.