Quote:
Originally Posted by brandonstills
You admit that it will eliminate jobs. How is that a good thing?
What's your definition of a slave? If you have someone that wants to work but have eliminated their job you have just made a poor person.
Economics is not about benefit. It is the science of scarcity and how resources get allocated. It's not republicans that are against minimum wage per say. It is anyone who knows that it won't work.
It will drive labor over seas where there is no such regulation.
If minimum wage works so great, then why not set the minimum wage at $100,000 per hour?
It's nice to want to help the poor, but you don't do that by violating laws of economics. You can't throw rocks into a bucket and hope there will be food. Why do you think there will be economic prosperity by raising the minimum wage. There is no logic or evidence for it.
Just because you want to help the poor doesn't mean your actions will. You're ignoring the law of cause and effect. The action you propose will have the OPPOSITE effect.
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Why does it always to go to the extreme and silly? Fact we are a consumer based economy ,if people cant afford to consume it doesnt work.
Also the other person saying are sitting on welfare because they cant get a job that pays over 50k. Do you realize two things welfare isnt for life its 5 yrs.That was changed 1996,also do you realize welfare gives them shit. People are under this illusion its big money.
Also walmart paying people as close to nothing as possible ,makes them a ton of money and costs the taxpayer about 400k a store. You are still paying for benefits for these poorly paid people and Walmart makes big profits. Some misfit buying cigarettes or steak with food stamps is treason but the Waltons using gov dollars to fill in what they should be paying thats fine.