Re: Effects of raising minimum wages in USA

"Draccarlaw" <zutalors212@xxxxxxxxx> wrote in message
news:1150913378.855778.45820@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On CNN.com, I read the following snip: " Republican critics said the
minimum wage was a job killer, not the boon to low-wage workers
portrayed by Democrats.

"This is a classic debate between two different philosophies. One
philosophy believes in the marketplace, competition and
entrepreneurship, and the second is a philosophy that says government
knows best," said Sen. Johnny Isakson, R-Georgia. He said France and
Germany have high minimum wages but also high unemployment."
-----------------------------------------------------------------------------------------------------------------------------

This is the typical reichtard Republican framing of an issue in such a way
as to "WIN" any debate before it ever begins. Given a choice between
a Stalinist or Maoist form of government and a form of democratic
socialism respecting market forces the majority of the thinking people
will, of course, choose something vaguely called "capitalism" and totally
ignore the true nature of representative government and the blessings
it brings. The Republican statement of the "classic problem" is a lie
to begin with and it will be a lie as the "problem" is debated. The REAL
debate is between true representative government in which the people
have voice to counter the forces of concentrated wealth, and a
fascist state where information and the voting systems are controlled
by the current wealthy and powerful. When we have the REAL
debate we find that minimum wage laws are necessitated by the
oligarchic control of the masters of the TwoParty.

I have to admit, that this Sen. Isakson seems to have a point. The
unemployment rate (UR) in Europe is much more than 6%, and their
minimum wage is higher, although I'm not sure where it stands.

Their unemployment compensation is probably greater than our minimum
wage and their health care is free. I am unsure as to why anyone would
call that a "failed economy". It is the result of a true representative
democracy in which the Greater Good is served.

I thought that when economists calculate the unemployment rate, that
they don't take into account certain segments the population.
Moreover, there are certain situations which the UR gauge is not
accurate/informative on. For example, it doesn't state if people are
under-employed.

Here is my question: In your opinion, do you think that raising the
minimum wage would be a benefit/burden to the US economy and US
well-being?

Increasing the minimum wage is a GOOD thing for all Americans other
than the rich.

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org


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