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Politics : Formerly About Advanced Micro Devices
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TimF
To: tejek who wrote (785944)5/22/2014 1:36:40 PM
From: Tenchusatsu1 Recommendation  Read Replies (2) of 1578252
 
Ted, Harold Meyerson is making the classic mistake of equating correlation with causation. Many people in the comments section of his column pointed out the fallacies of his argument.

Personally, I don't think an increase in the minimum wage to something like $9.50/hour will have much of a negative effect, but the left is calling for a $15/hour minimum, which is crazy. At that point, businesses will be forced to lay off workers because they cannot afford such a huge increase in labor costs.

Not only that, but prices for just about everything will start rising. That will hurt the poor and middle class the most.

Finally, I don't get the notion that, if someone is willing to work for less, that equals labor exploitation. Many people would love to have a job that pays something than no job, which is guaranteed to pay nothing.

Tenchusatsu
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