paulitician
Platinum Member
- Oct 7, 2011
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Before you produce data to support your obviously wrong assertions, make sure it is corrected for the effects of counter-inflation and counter-unemployment policies in place at the same time. Good luck.Fact is, since the Minimum Wage has existed, more Millionaires & Billionaires have been created in this country than ever before in history. Businesses have not only survived, they've thrived. So there is no evidence whatsoever that the Minimum Wage causes any perceptible negative impact on the Economy. All the gloom & doom 'Sky is Falling' predictions really are B.S. They've always been proven to be B.S. And this time will be no different.
The Wage will go up, and Businesses will be fine. In my own personal opinion, i think the Minimum Wage should be somewhere between $10-$12. $15 may be a bit much. I think $10-$12 is a survivable wage. But even at that, it will still be a struggle. So don't count on Minimum Wage for your survival. Get educated and skilled. That's the best way to go.
Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment. Statutory minimum wage ALWAYS contributes to unemployment.
There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work. It's just not possible.
Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws ALWAYS result in inflation. They necessarily must.
These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.
If they were not always failures--if they did not always result in unemployment and inflation--minimum wage proponents would not always be demanding that the minimum wage be increased... yet again!
Rather have em working and being productive Citizens, than permanently mooching Entitlements. They'll pay some taxes and put some money back into the economy. You may have to pay em a little more, but it'll be worth it in the end.
And like i said, Minimum Wage has never caused any perceptible negative impact on the economy. We have more Millionaires & Billionaires in this country than ever before in our history. Paying Minimum Wage has very little, to no impact. It is what it is.