Why don't minimum wage laws actually help the poor?

Well, I think what one has to start off asking is what is the effect of the minimum wage law? and you see the effect of the minimum wage law, if you put yourself in the place of an employer and you must pay $7.25 an hour to no matter whom you hire, then ask yourself the question, will you hire that worker who is so unfortunate so as to have skills that would only enable him to produce $4 an hour worth of value? That is pay $7.25, for someone who can only produce $4 worth of value an hour because of poor education and lack of skills.

And so for a profit-making employer, he's not going to do that.

So the initial impact of the minimum wage law is to discriminate against the employment of low-skilled people.

Now, if you could pay somebody $4 an hour, then that person would have a job, he could get a job, And most of us upgrade our skills through on-the-job training.

Right.

And he could eventually learn things to make him a more valuable worker in the future.

And in

Why don't minimum wage laws actually help the poor?

Well, I think what one has to start off asking is what is the effect of the minimum wage law? and you see the effect of the minimum wage law, if you put yourself in the place of an employer and you must pay $7.25 an hour to no matter whom you hire, then ask yourself the question, will you hire that worker who is so unfortunate so as to have skills that would only enable him to produce $4 an hour worth of value? That is pay $7.25, for someone who can only produce $4 worth of value an hour because of poor education and lack of skills.

And so for a profit-making employer, he's not going to do that.

So the initial impact of the minimum wage law is to discriminate against the employment of low-skilled people.

Now, if you could pay somebody $4 an hour, then that person would have a job, he could get a job, And most of us upgrade our skills through on-the-job training.

Right.

And he could eventually learn things to make him a more valuable worker in the future.

And in