Saiwania wrote:Soldati Senza Confini wrote:I am more concerned about finding long-term solutions to existing problems that benefit industries and workers though, and minimum wage was a good solution to an existing problem. Should the minimum wage be raised? Yes, absolutely, because people need to live at least without fear of going homeless. Does it help businesses to raise the minimum wage? Sure, even if we take a hit on our pockets.
The problem is that businesses don't want to create jobs. A huge myth is that corporations are job creators, they're not. A job is expensive to maintain and always is a reduction in profits. The ideal company is one which could somehow be 100% automated, one which is all capital and no labor.
Corporations are going to hire as many people as possible and leave the rest to die if they can. Mini-max operations.
However, corporations, while they compose a large share of the market, is not by any means the overall total of an economy.