Why minimum wage is bad for the little guy
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfI6mGoEavkAlXT7POVmQxago_jj1q2yZn3hLfABwVpImNFdUDhyfEaJqOJ0X0IhCPGtfyn5kAqNlWZPKBaIeHkPCe9dEphdXnFYBILxdqt_w60MP6NuUPNBN47EqVAl5zPtWG9QgQ_7Y/s320/minimum_wage_hot_dog_stand.jpg)
Minimum wage and other worker protection schemes are put in place by politicians with seemingly good intentions. Even if the intentions are good, I don't believe it's good for the economy. Let me try to demonstrate: Imagine you have lost your job and decided to start a hot dog stand . You get a stand and set it up at a busy location and hot dogs sell quite well. Business is going well, but with the money you make you can't send your kids to university, so you want to start a second stand . First you have to save up for a second stand , or more likely you have to convince a bank to lend you money to buy the second stand . Then since you can't clone yourself, you also have to find someone to man the second stand . You now have a loan to pay off for the second stand , so you're a bit low on cash to pay the guy who mans the second stand . You make him a deal, you pay him very little, but for each hot dog he sells, he gets some money. He figures he'll