SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (785953)5/22/2014 5:49:58 PM
From: Tenchusatsu  Read Replies (3) of 1582943
 
Inode,
It is pretty much an even money trade by the time you consider price increases that go along with it. A total waste of regulation.
It's really hard to say what the net effect of a higher minimum wage would be.

One thought exercise is to imagine the two extremes:

1) $50/hour minimum wage
2) No minimum wage

Number one is just to demonstrate that there is a point where even a libtard would say, "No, that's too much!" That's also the point which will invalidate their claims that raising the minimum wage would not have any negative effects whatsoever.

Number two is meant to show that, if you got rid of the minimum wage entirely, not much will happen to wages as a result because, for the most part, the free market already dictates what wages should be. Of course, you want to stop those who want to exploit virtual slave labor, but we already have laws against that.

In reality, the "ideal" minimum wage would be in between those two extremes, of course. But it would probably be closer to #2 than to #1, because IMO the minimum wage should only set a floor on wages. It should not represent a "living wage" because (a) there is no limit to what is included in such a "living wage," and (b) not everyone needs a job that pays a so-called "living wage."

Tenchusatsu
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News