Minimum Wage Syndrome

’Tis curious because it’s never happened in the history of advanced countries once the world’s slavery was frowned upon,

It has happened, but the catch here is that as long as the economy is growing and vibrant, they can be reabsorbed into the work place.  The proof is in WHO is hurt and the rates of unemployment of those who have been hurt.  They tend to be ignored because when looked at from the perspective of the whole economy, those groups that are hurt are small and do not make a huge impact.  But they do.

And you still hear about them today.  You just want to associate them with other reasons for their beefs.  But then Outsourcing was not caused by a lack of a minimum wage.  Look at the other pet peeves of the liberals and how they rail about them, then track their climb with the raising of the minimum wage. 

You can, as they do, say that is apples and oranges, and ignore the impact.  But that will not change it.  Nor fix the problem that has been created by it.

Be careful not to jump to conclusions too hastily. If we are to assume correlation equals causation, we could assume the stock market's "correction" to be a resultant action from the recent minimum wage increase.

Sure, it would be a weak argument. But arguing your argument is equally weak.

The truth is, small businesses seem to be becoming fewer and fewer. Is this the result of the cost of doing business or just the natural way of things? I'll let you decide, but it would be premature to assume that minimum wage and certain other labor laws haven't played SOME part. Minimum wage laws favor big businesses, who can more readily afford higher wages. The same can be said with states with mandatory insurance laws (Massachussetts so far).

Minimum wage laws favor big businesses, who can more readily afford higher wages. The same can be said with states with mandatory insurance laws (Massachussetts so far).

True, as a youngster working part time in the A&P I was paid 85 cents p/hr while my friend working in the local deli was paid 60 cents. And yes, densely populated blue states have always been the vanguard in higher pay. Most McDonbald employees in New York are way ahead of the new minimum. 

Hey,I'm not back to get under anyone's skin--I'm at peace with the world, despite the inexistence of the converse.

 

Not to worry, steven. I, for one, am glad to have you back. I'm just engaging in healthy discussion.

Thanks, Mac.