A living wage established minimum wage discourages investment in education, an essential building block for a nation, and it disincentivizes investment into trades, an essential in the service economy. Wages rising with skill incentives investment into human capital, and minimum wage artificially increasing instantly stalls investments. Moreover, the prices of all goods at these minimum wage stores would go up, or they would just invest into technology to bypass paying this leading to higher unemployment in the long term and a large unskilled unemployed labor force dependent on help from others.
@VulcanMan6 6mos6MO
What do you think is the purpose of a society..?