GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Would eliminating the Minimum Wage result in lower unemployment?

kane · 09-04-2011, 11:42 PM

I also have a theory that if there were no minimum wage it would not help create many jobs. The reason is that large companies would still have no real reason to create large amounts of jobs in this country. Why pay a US worker $2 or $3 per hour when they can still pay a worker in another country the same or less but not have to pay social security, benefits, overtime, deal with OSHA etc.

You might see some small companies add the lower paying jobs, but if we are being honest most of those jobs will likely have a high turnover rate and will be a pain in the ass to fill with reasonable people so chances are they may end up being more of a pain than they are worth and companies would rather just sit on that money than create those lower paying jobs.

09-04-2011, 11:42 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I also have a theory that if there were no minimum wage it would not help create many jobs. The reason is that large companies would still have no real reason to create large amounts of jobs in this country. Why pay a US worker $2 or $3 per hour when they can still pay a worker in another country the same or less but not have to pay social security, benefits, overtime, deal with OSHA etc. You might see some small companies add the lower paying jobs, but if we are being honest most of those jobs will likely have a high turnover rate and will be a pain in the ass to fill with reasonable people so chances are they may end up being more of a pain than they are worth and companies would rather just sit on that money than create those lower paying jobs.