- May 3, 2011
- Reaction score
ToddsterPatriot, yes, certainly employers will reduce the purchasing power of low wage rates. The reductions will likely occur incrementally over time.ToddsterPatriot, yes, certainly employers will reduce the purchasing power of low wage rates. The reductions will likely occur incrementally over time.Can you say that again.....in English?
If the minimum wage is eliminated, will employers cut low end wages or not?
Regardless of whatever is a current purchasing power of the U.S. dollar at any time in the future, if there's no minimum wage rate law or some other legally supported government legally supported provision, (i.e. quasi government provision) to serve the purpose of minimum wage rate laws wage rate laws, low wage rates purchasing powers will certainly be less than otherwise; (otherwise being if there's a minimum wage rate law of sufficient purchasing power).
Why not immediately?
Isn't the impact critical to substantial?