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Politics : Ask Michael Burke

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To: Yogizuna who wrote (91745)	8/20/2001 6:01:44 PM
From: Don Lloyd	Read Replies (1) of 132070

Yogi - When the debate about raising the minimum wage in this country was going on, many argued the unemployment rate would rise as demand for labor decreased.... In fact, just the opposite happened as unemployment fell to new lows. Paying a living wage for a fair day's work or at least closer to it will not decrease the demand for labor as much as you currently believe. We still have to get over this one in our way of thinking, as old habits die hard. ... Just answer my question as to why you apparently believe that the effects of a $10/hr minimum wage are not similar in kind, but less in degree, than the effects of a $1000/hr minimum wage. Regards, Don

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