Merry Christmas from the COL. Another kick in the guts for both business and young people has been announced. The COL think that they are playing Santa Claus but what they are delivering is a lump of coal.
Socialists don’t understand how business works just as they don’t understand how the rental market works. By yet again forcing business owners to pay employees more than the market says they are worth they are signing the death warrant for thousands of low-end jobs.
It is hard enough for young people to get on the first rung of the ladder in low-end jobs but now it will be almost impossible. If an employer has to pay a high minimum wage then they will not take the risk of employing an inexperienced young person looking to gain experience. They will hire someone who already has experience to get as much bang for their forced buck as possible.