Friday, March 4, 2016

Minimum Wage Explained in One Panel


minwage

At the same time this illustrates how people misuse the word “worth”. If McDonald’s were to charge $15 for a Big Mac, almost everyone would say "it’s not worth that". But somehow the people who McDonald’s might hire to produce the Big Mac are all “worth” $15/hour because, well, they’re good people who “deserve” to be paid that much. The bottom line is the bottom line. You don't hire people if you have to pay more than their economic worth. No matter how "worthy" they are.

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