Re: Effects of raising minimum wages in USA


"S. Doo" <none@xxxxxxxxxxxx> wrote

Ah, so your minimum wage law is going to contain
legal provisions prohibiting wage recipients from
spending their newly increased income on clothes,
sneakers, consumer electronics, gasoline, and other items
produced by India, China, and elsewhere abroad?

This is getting more entertaining all the time.


Entertain yourself with this: minimum-wage people don't buy sneakers in
Hong Kong but at Wal-Mart. Last I checked, Wal-Mart is an _American_
company, and makes an _American_profit when it sells a pair of sneakers.

As for the argument that raising the minimum wage "costs jobs", sure:
_some_ people will lose their minimum-wage jobs, but a whole lot _more_
people will get a raise, to the _higher_ minimum wage. If Wal-Mart is any
kind of an efficient operation, it has lots more customers than it has
clerks. Paying the clerks a bit more, in exchange for a slightly more
affluent customer base, would be a good thing _for_Wal-Mart_.

"Wal-Mart" is of course short-hand for "a large segment of American
business".

Incidentally, I propose that we set the federal payscale in multiples of the
minimum wage: Say, Senators get 15X minimum wage, Congressmen get 13X, and
so on, the ratios to be fixed for all time. I don't know which end of the
political spectrum would be most opposed to such an arrangement.

-- TP


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