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Politics : Ask Michael Burke

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To: Don Lloyd who wrote (91838)	8/26/2001 10:19:58 PM
From: Nadine Carroll	Read Replies (1) of 132070

But you still haven't shown that any jobs will be lost. Labor is a cost component like anything else. If a business uses copper to make its product, and copper prices rise 20%, they might pass along the increase, or eat the cost, or use less copper. The third option is equivalent to cutting jobs; in the first two options, no jobs would be lost. What option they would actually choose depends on the market. So what makes you think that, for example, raising the minimum wage to match it to the 1973 minimum wage, adjusted for inflation, would cost jobs?

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