This is why there is a general disincentive for people who receive such subsidies to increase their income, and why government transfer payments will never decline, no matter what minimum you set wages at.
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The only reason that a company would need more help is because it's sales are increasing. When it's sales are increasing, so is it's profitability. When a companies profitability is increasing, it can afford to pay for more help.
Typically, companies only have just enough employees to handle demand. I mean why would any company hire more people than they need (regardless of how cheaply they can hire them)?
“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
I agree.The benefit of means tested "welfare" is that it goes only to those with dependents and does not increase the cost of living nearly as much as an across the board pay raise for all workers will. As long as the nation is willing to give the required COLA bump to those living of fixed incomes it may be worth a try to raise the MW to the inflation adjusted equivalent of the 1968 MW - or to about $10.60/hour.