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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (562048)	4/21/2010 10:57:47 AM
From: SilentZ	Read Replies (1) of 1574054

>You really think someone working a minimum wage job today is twice as productive as someone working the same job 30 years ago? There are a lot of factors that go into that calculation -- better equipment/technology, better systems, higher costs of living >The minimum wage is only meant to set a baseline of labor compensation. Raising it artificially will only cause prices of goods and services to go up because the break-even point for businesses will rise. Since everything will be more expensive for everyone, the poverty level will rise. You're back to square one, only with skyrocketing unemployment and inflation. Depends to what level it's raised. A few bucks an hour, probably not so much. >This is basic economics, which you choose to throw out the window when you say that businesses who don't pay (your definition of) a living wage shouldn't exist. There are plenty of economists that say that it won't hurt the economy or employment much, if at all. Wages are always going to be as depressed as employers can possibly make them, and in a lot of cases, it's artificially done. -Z

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