You can always create more jobs by lowering the salary/job.
And this is by the way what has been happening: minimum wage was not even adjusted for inflation, which means it was effectively lowered.
But obviously the people who depend on minimum wage have no clue about how the economy works because they never had access to a good education, which is why they won't speak up, which is why so many rich folks advertize lies like "don't get an education, you can get rich by dropping out of college, just like Zuckerberg".
Now the question is: How often does a society really want to lower minimum wage (in order to boost the number of jobs created)?
The lower you go, the more problems you see "in the streets".
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> And put a bunch of people out of work
You can always create more jobs by lowering the salary/job.
And this is by the way what has been happening: minimum wage was not even adjusted for inflation, which means it was effectively lowered.
But obviously the people who depend on minimum wage have no clue about how the economy works because they never had access to a good education, which is why they won't speak up, which is why so many rich folks advertize lies like "don't get an education, you can get rich by dropping out of college, just like Zuckerberg".
Now the question is: How often does a society really want to lower minimum wage (in order to boost the number of jobs created)?
The lower you go, the more problems you see "in the streets".