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Podcast: Order of Man
Episode: Federally Mandated Minimum Wage is a Bad Idea | FRIDAY FIELD NOTES
Description: Today, I give five reasons why a federally mandated minimum wage is a bad idea. Hit me up on Instagram at @ryanmichler and share with me what’s working in your life. SHOW HIGHLIGHTS 4:00 Point #1: It doesn’t consider varying living expenses within states 6:19 Point #2: It sets the precedence that government can medal in individual affairs 9:27 Point #3: It disincentivizes growth, expansion, and career progression 14:40 Point #4: It prices young people out of work 19:23 Point #5: It puts millions of people out of work 24:11 Incurring $54 billion of debt 26:18 An increased cost of living and inflation 27:35 An increased spending for emplo...