Federally Mandated Minimum Wage is a Bad Idea | FRIDAY FIELD NOTES

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 employment benefits
• 29:00 Your moral obligation to look after those under your care

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