EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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Can you explain. Can you provide you provide proof? I think you are simply pushing dogma, with no truth at all.Raising the.min wage HISTORICALLY damages the.middle.class, by devaluing their work, and.making it almost impossible to start a business.
Minimum wage more pure libsocialist ignorance:
1) makes it illegal to employ people not worth minimum wage
2) raise prices for poor people who often shop where minimum wage folks work
3) speeds up automation and replacement of minimum wage jobs
4) teaches people that you get ahead with govt violence rather than being worth more
5) raises prices, reduces demand, and thus reduces employment
6) makes American workers even less competitive with foreign workers
One of the simplest and most fundamental economic principles is that people tend to buy more when the price is lower and less when the price is higher. Yet advocates of minimum wage laws seem to think that the government can raise the price of labor without reducing the amount of labor that will be hired.
Thomas Sowell, "Minimum Wage Madness," September 17, 2013