Earlier quoted context omitted.
Is that true? I don't know much about macroeconomics but it seems to me that even though these folks aren't earning at their full potential, the jobs are being done by someone. In other words, if these folks were earning more, someone else wouldn't be doing that job, so the overall earning that the set number of jobs would support wouldn't change one way or the other from the tax revenue point of view. (Not advocatin…
Economics isn't a zero-sum game. People with better jobs spend more money to buy more products, including a lot of the products startups would very much like to sell. An ex-con working minimum wage isn't ordering Muchery, using Instacart, or taking Lyft rides. An ex-con working in frontend development very well might use those services. This generates economic activity across the entire chain, enriching everyone alon…
I agree with the your overall comment, but this part is setting up unrealistic expectations. You should be asking "How many kids looking forward to $30k/yr jobs ..."
Median salary across the US is about $30k, or up to $50-70k (with corresponding cost of living) in a few rich cities. Anything above that is a good-paying job for most of the population, criminal record or not.