Youth Rates: Why they work
There has been some talk about Youth Rates being reintroduced. Here‘s an article from 3 News about it. Currently, my Facebook feed is full of people saying how bad Youth Rates are. So let’s have a look at this.
Currently, even if you look on Student Job Search, most jobs say you need to have experience. And why wouldn’t you require that? Let’s look at a hypothetical situation. If the minimum wage was $10/hour, who would you hire? A young person with no experience, or a slightly older person who does have experience? Now let’s bring in a youth rate of $5/hour. Would you hire someone for $5/hour that has no experience, or hire someone for $10/hour who does have experience?
In the first hypothetical situation, the answer is clearly going to be the person with experience. However, in the second situation, it is questionable and depends on the company. Personally, if I were managing a business, I would go with the younger person.
The people against this are arguing that it’s not a livable wage. Well, quite frankly, so is $0. Which is more livable?