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Politics : Mainstream Politics and Economics
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To: koan who wrote (45831)6/17/2013 10:13:08 PM
From: TimF3 Recommendations

Recommended By
i-node
Paul Smith
Thehammer

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If you force businesses to pay what you consider a living wage, then you price a lot of people out of jobs.

Make something more expensive, and all else being equal less of it gets bought. That applies to labor as well.

Well I guess some of that would shift to the grey and black markets rather than to unemployment. People would work off the books because no one would hire them on the books (esp. if they have to pay health insurance in addition to the "living wage".)
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