Re: Effects of raising minimum wages in USA

Michał Gancarski wrote:

There is no increase in business. There is only a change in the structure
of demand for consumer and capital goods and services, nothing more. Money
paid for artificially high wages is not going to be spend by people who
would spend them in more productive ways (or wages would not have to be
increased artificially using government machine of violence).

"using government machine of violence".
Gee, you got intoxicated with the lies of libertarians. Sorry, but as soon
as you start on that path you are lost for the society.
When you put a belief in front of critical thinking and try to bend the
facts and logic over your belief this is called intellectual masturbation,
not open discussion.

What is
more, people who lost their jobs due to the artificial increase do not
constitute higher consumer demand and you have kindly "forgotten" about
this argument. Better, additional regulations require additional
bureaucracy to control their implementation. A bureaucracy that is, apart
from war, the most unproductive way of spending available resources.

Not necessarily. Into an unregulated economy a lot of people waste their
time/resources not being able to find work, because there is not enough
consumer disposable income to create a bigger demand for their work.


- taking more money from the more productive and giving it to the less
productive (using violence)

This is what happen right now by paying dividends to shareholders.
They are not productive at all, just sit in front of TV or in a Las Vegas
casino. And demand money for that.

- extending the most unproductive class that ever lived on Earth
(government bureaucracy)

I would call this one the business shareholders. They are usually the kind
of parasites not doing any work for the society but demanding by law a lot
of money for doing nothing.

A government bureaucrat actually do a usefull job for the money.
Yes, it may not be the most productive job out there, but it is definitely
better than playing golf or poker as rich shareholders do.

- pretending to increase consumer demand whereas this is obviously false,

No. It is not false. You are just misslead by fake propaganda to believe
such nonsense. You see supply-demand at work on job market but refuse to
see it on goods market. Why ? Because the ideology you were mislead to
believe in is based on hate of anyone making a living by not looting from
others.

- violence required for such actions

Violence is required only against antisocial individuals with an IQ lower
than the average monkey. Only they does not understand the role of society,
and consider the society only a place required to provide them their bananas
for doing nothing.



.

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