
If a higher minimum wage didn't cause higher employment, why not make it $100?
A $100 minimum wage would result in 94% employment because only people worth $100 an hour would be employed.
At $50, 78% would be unemployed
at $25, 44% would be unemployed
at $12.50, 14% would be unemployed.
At $7.50, 6% are unemployed. (Mostly teenagers without work experience.)
I intended to say, A $100 minimum wage would result in 94% unemployment.
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