The investment bankers had clearly lost basic rationality given the transactions they were constructing, which any way you look at it turned out to be a terrible idea for just about everyone in the world except billionaire hedge fund manager John Paulson.
As they work their way through primary education and on into basic secondary, education delay increases the probability of students dropping out of school.
Or another way of looking at this is that once you take out those for whom minimum wage is just a basic, before tips and or commissions, we end up talking about 3% or so of hourly paid workers, or something like 1.5% of the total workforce.