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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (497980)7/24/2009 2:15:11 PM
From: Road Walker  Read Replies (3) of 1577314
 
What would you do when increasing minimum wage increases unemployment, increases the demand for imported goods, and increases the demand for illegal immigrant labor?

Most of the jobs that could be exported have been exported. You can't export McDonalds burger flipping. You can't export lawn service labor. We have so little manufacturing left... just stuff that won't ship well in a container, that job losses from increased minimum wage competition would be minimal. The economic stimulus (dirty word to you guys) from the higher minimum wage IS NOT minimal.

Illegal immigrant labor is what it is... they will probably get a pay raise. An extra 65 cents and hour is not going to make more people cross the border.

Oh and by the way that 65 cent an hour increase time 40 hours is an incredible $26 a week. Huge... just crazy money. I don't know how these folks are going to find a way to spend it!
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