Fast food workers across the United States went on strike to protest minimum wage pay. They want their salaries doubled to $15 per hour — twice the federal minimum wage rate.
If the $15-wage-rate goes into effect, business will drop off and layoffs will take place. Some of the people who went on strike will lose their jobs. You can’t break the economic law of supply and demand without there being consequences. Demand will go down if costs go up.
But there’s another consequence that these low-wage employees are not thinking about. As a business owner, if I have to pay someone double for the same amount and kind of work, then I’m going to find someone with better skills, reliability, and work ethic.
Unskilled workers will end up being displaced by more skilled workers. Take a look at youth unemployment. Lows or no skilled workers are priced out of the market.
The best employees in the fast food industry, if they decide to make a career out of the business, don’t remain minimum wage employees. They work their way up to management.
I worked at a supermarket in Ft. Lauderdale after graduating from college. I stocked shelves for 10 to 12 hours each day six days a week. Management saw my work ethic and offered me the assistant manager’s job at the new store that they were opening.
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