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Politics : Formerly About Applied Materials
AMAT 322.34+1.1%Jan 23 3:59 PM EST

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To: Cary Salsberg who wrote (46592)5/11/2001 4:21:38 PM
From: TimF  Read Replies (3) of 70976
 
OT

Consider the minimum wage. There is always an outcry from business that minimum wage employers will be hurt by a raise. Obviously, the minimum wage earner is achieving a goal for the employer (DO, not TRY), but the achievement's economic value is limited. For the employee it is sufficiently limited to require subsidies to meet life's minimum requirements.

Most minimum wage earners do not fully support themselves or anyone else with the money from the minimum wage job. Many of them are teenagers. Some are student in their early twenties still getting support from their parents. Some are working a part time job at minimum wage either as a second job or in semi-retirement. If you insist that all of the people in these situations make enough to meet your opinion of life's minimum requirements then you will find that a good number of them no longer make anything because the services that they provide or the good they produce are not worth the cost that would have to be paid to meet your standard.

Tim
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