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By your logic startups (and pretty much any new business) should not exist, since they turn no profit for years.

And this is why Socialist economies are so crappy and need minimal wage laws: they kill their startups before they even exist and have no competition on the talent market.

And then they wonder why they can't produce an Apple, Microsoft, Amazon or Google...



See also: low paying internships and apprenticeships where the experience and networking is part of the compensation.

The problem with minimum wage laws is that they presume there are no other forms of compensation than wages.


The problem with this argument is that is presumes that other forms of compensation can be used to purchase food, healthcare, housing, etc.

Also, unpaid internships are legal in the US (at least federally) if they are primarily for the benefit/training of the worker and that information is made available upfront.


No, it presumes that the people taking these jobs have access to those things through other means. Like parental support, spousal support, scholarships, student loans, fellowships, government programs, side gigs, etc.




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