> The only way you keep this person's wage down is increase supply - have lots of people with university degrees.
Again, the second part of this statement does not necessarily follow from the first. There are countless ways of tweak supply/demand of McJobs, such as low minimum wages resulting in a glut of retail locations , changing total hours non-degreed workers (read high-schoolers) can work, adjusting rules on temp workers, community college intakes, etc.
There a many variables, and increasing minimum wage impacting a subset of (mostly unskilled[0]) workers doesn't automatically mean an increase in income for skilled jobs.
0. I dislike the term, but it conveys my intended meaning. "Jobs that require no prior training" is unwieldy.
Again, the second part of this statement does not necessarily follow from the first. There are countless ways of tweak supply/demand of McJobs, such as low minimum wages resulting in a glut of retail locations , changing total hours non-degreed workers (read high-schoolers) can work, adjusting rules on temp workers, community college intakes, etc.
There a many variables, and increasing minimum wage impacting a subset of (mostly unskilled[0]) workers doesn't automatically mean an increase in income for skilled jobs.
0. I dislike the term, but it conveys my intended meaning. "Jobs that require no prior training" is unwieldy.