Quote:
Originally Posted by PR_Tom
There are few intelligent people who actually believe that a modest raise in the minimum wage would actually lead to less jobs. I'm sorry, but that's just the way it is.
If you follow some peoples "logic", you would have to believe that every raise in pay has always lead to less jobs. Just stop it with the nonsense already, OK? It's just embarrassing.
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Obviously you are ignorant to how inflation works... Forced raise in pay will always lead to less jobs. Maybe you are blind, but did you ever hear about something called outsourcing that all the libs were up in arms about till Obama took office.
Maybe you don't realize that manufacturing jobs have been disappearing left and right. We don't export anywhere near what we used to. Free market will adjust itself it left alone, but putting restrictions on businesses and forcing them to pay beyond what makes sense for a job will make them find other ways to get that work done. Outsourcing, or moving to a state where they don't have as high of a minimum wage. Its simple economics, so don't act like the ones saying this are stupid.
Quote:
Originally Posted by slapass
At first companies would hire less people as they would say, "woah! How is this going to effect us?" Then the Walmart crowd would get paid. These people at the lowest end of society are going to spend that cash and spend it now. So boom everyone is doing a little better. Prices go up a bit to cover the higher wages and it all settles back in.
If raising the minimum wage was really good for poor people and thus the economy, we would raise it all the time.
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Yes you are correct.
