Re: Effects of raising minimum wages in USA

Robert Kolker wrote:

How so? There is no force or fraud operative. If the workers do not like
the company they can work elsewhere or go into business for themselves.

RK, you are again with the pants down while defending a broken ideology :-)

One of the more usefull definition of wealth is the one defining the wealth
in time units, i.e.: wealth it is the amount of time one can maintain a
decent life level without earning anything.

If W (wealthy guy) and P (poor guy) want to reach a deal so P work for W
and W want to force P to accept anything he wants, he just can wait for P to
consume all his accumulated wealth then by starvation he is forced to
accept anything offered. It is called economic coercion and it is the most
large used coercion world wide.

P look for a job because he needs money. To start a business you need an
investment i.e. money i.e. what he does not have.


.

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