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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (206469)10/14/2004 10:30:03 AM
From: SilentZ  Read Replies (2) of 1574654
 
>Any raise in the minimum wage costs jobs. So, proponents of job growth AND increasing the minimum wage are trying to have it both ways.

This really is a vast oversimplification, especially in the long run.

Just an example: a worker working 60 hours per week at $5.15 an hour makes $5,000 less than if he were making $7/hr. That For $5000/year, that worker could make his kid the first one in the family to go to college, in the long run ending the family's vicious cycle of poverty. And, improving our economy by putting a better-educated worker into it.

Poverty breeds more poverty, and it's extremely tough for many people to rise above it. The more people we can get over the poverty line, the better.

-Z
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