Re: Effects of raising minimum wages in USA

On Mon, 26 Jun 2006 05:38:51 +0200, tonyp <tonyp@xxxxxxxxxxxxx> wrote:


"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.

Yup, all of remaining, let us say, 0,5% of the US workforce. Pushed harder to make up for their fired peers. Great plan! As usual, "helping" the least educated and skilled means loosing jobs they barely got and making it more difficult for them to get another. But why would anybody care about them? The only thing that matters is that now we can show that we care about the little guys. Screw the consequences, this people do not constitute a voting power. In the end it is not them whom we show how caring and loving we are, but voters who earn wages above minimum but still want to know that their government will always keep an eye on their well being.

any
kind of an efficient operation, it has lots more customers than it has
clerks.

No, it has more unemployed.

Paying the clerks a bit more, in exchange for a slightly more
affluent customer base, would be a good thing _for_Wal-Mart_.

Then let Wal-Mart figure it out.

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

Then let this segment figure it out. And what in hell is this large segment employing 0,7% of the workforce with minimum level wages?

[...]



--
Michał Gancarski
"If there's not drama and negativity in my life, all my songs will be really wack and boring or something." Eminem
.

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