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Show Notes
Minimum wage has been a hot topic as far back as I can remember. If you’re an employer it can feel like government needlessly meddling in the free market, while for employees it feels like its never high enough to make a difference. This is especially true where oversaturated labour markets are combined with high costs of living (HCOL) (which is pretty much everywhere at this point). Workers may need 2 or even 3 minimum wage jobs just to cover food, shelter, and transport in these areas, and would probably love to see minimum wage lifted. Employers in less-dense areas are faced with the opposite problem; even if they advertise pay “above minimum wage”, acquiring and keeping entry-level staff in HCOL areas is a constant battle. In this case, my recommendation is to localize your minimum wage.