Houston Chronicle: Purpose of a Minimum Wage
By Russell Huebsch
Houston Chronicle Newsletter, Dec 7, 2021
... People who oppose the minimum wage believe that requiring employers to pay mandated government wages forces employers to raise prices and cut staff. On its face, this doesn’t make sense. If employers can raise prices at any time without pricing themselves out of business, why would they have been selling their products for less than what they could have been charging all this time? And why would employers be hiring staff they didn’t need and could cut in response to a wage increase?
People who support...