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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (858605)5/19/2015 8:28:09 PM
From: Wharf Rat3 Recommendations

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"It is unfortunate we cannot specifically identify the people whose lives are destroyed by it."

It is. However, you might be able to identify them after the fact, by questioning all the people in line who are buying lobster with food stamps.
The 3 Biggest Myths About Raising the Minimum Wage
Myth #3: Raising the wage kills jobs.

Opponents of the minimum wage also argue that by creating a minimum wage -- or a price floor for labor -- you'll kill all jobs that require labor that's worth less than the minimum wage. If someone is willing to work for a few bucks an hour, the argument follows, isn't it better for them to have that job rather than have the government eliminate it?

Many studies have looked into whether a higher minimum wage kills jobs, and most have found that they do not or, if they do, the job loss is small. Some studies -- including ones from the Economic Policy Institute (EPI) and the Los Angeles Economic Roundtable -- even found that raising the minimum wage spurs moderate job growth due to increased consumer spending because low income workers spend most of their pay raises, putting that money right back into the economy.

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