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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (106640)6/5/2001 2:19:49 PM
From: flatsville  Read Replies (1) of 436258
 
>>So you are raising the specter that a minimum wage increase (and that is what we've been talking about by the way) will turn an ordinary recession into a depression and result in a near collapse of capitalism?<<

>>>My answer is yes, it can, but not all by itself. There's a reason Americans are importing more than we export - our goods are more expensive than goods produced overseas. Part of the cost of goods is wages, part of it is taxes, part of it is the cost of compliance with government regulations like OSHA and EPA.<<<

Interesting, since minimum wage workers are underrepresented (compared to other sectors) in the manufacturing sector at only 8.5% of total manufacturing workers.

Even at the current minimum wage +$1 (the proposed increase) those low wage workers only comprise 11.2% of total manufacuring workers.

...just trying to gage the depth of the myth out there and boy is it deep...gonna need hip waders, a shovel and a clothespin for my nose on this go around...<ggg>
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