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Zakary 10 years, 5 months ago on Atlantis job fear over wage rise

Atlantis job fear over wage rise

  • Remember that minimum wage is for entry level workers who are usually unskilled and in most cases undereducated.

You are right John, and because no one remembers this, minimum wage discussions always become moot.

The historical intention of the minimum wage was to properly compensate unskilled and under educated people. These are the type of workers that are often taken advantage of by the employer.

Minimum wage is also not a livable wage. Politicians will always try to convince you that the minimum wage is supposed to be a livable wage, but it’s not. Don’t drink the kool-aid. It’s called “minimum” for a reason.

I’m also of the belief that minimum wage laws should not even exist, except in a few sectors of society that are more susceptible to abuse, but this country does not have the required responsibility or the discipline.

Employers should be assessing the skill set of their employees, and both parties should be negotiating a proper wage. Generally, most Bahamians should be getting paid well above minimum wage if they have the skills and education.

My biggest beef with minimum wage is that it prices a lot of unskilled laborers out of the job market entirely. If your skills don’t satisfy the $210 wage requirement, then quite frankly you are not in the market, and ya luck buck.

I don’t know what the market wage is, but I do know that based on a supply and demand model, if a price floor is set on wages and it is increased above the market wage, then job losses follow.