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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (932441)	4/29/2016 12:36:43 AM
From: combjelly	1 Recommendation Recommended By bentway Read Replies (2) of 1578145

You do know that a similar experiment has already been run? Until 2009, the state of Kansas had a minimum wage significantly lower than the rest of the country. And that had been true for a number of years. Not only that, there are some states with no minimum wage at all. Granted, that doesn't apply to all businesses, but only to those with less than $500k in sales and don't engage in interstate commerce. In other words, small businesses. So, are those states economic powerhouses? Have they experienced all of the benefits that author hypothesizes? You tell me. Where does Kansas, Louisiana, Mississippi, Alabama, Tennessee and South Carolina rank as far as their economies go? Mostly at the bottom. They also tend to have the poorest skills. A middle class that is worse off than most of the country. In fact, they have exhibited none of the benefits your author projects. They do have greater poverty, though. The available evidence seems to indicate that having no minimum wage is synonymous with racing to the bottom.

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