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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (91745)	8/20/2001 6:01:44 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

Yogi - When the debate about raising the minimum wage in this country was going on, many argued the unemployment rate would rise as demand for labor decreased.... In fact, just the opposite happened as unemployment fell to new lows. Paying a living wage for a fair day's work or at least closer to it will not decrease the demand for labor as much as you currently believe. We still have to get over this one in our way of thinking, as old habits die hard. ... Just answer my question as to why you apparently believe that the effects of a $10/hr minimum wage are not similar in kind, but less in degree, than the effects of a $1000/hr minimum wage. Regards, Don

To: Yogizuna who wrote (91745)	8/21/2001 4:39:30 PM
From: TimF	Read Replies (1) \| Respond to of 132070

When the debate about raising the minimum wage in this country was going on, many argued the unemployment rate would rise as demand for labor decreased.... In fact, just the opposite happened as unemployment fell to new lows. Unemployment fell because the economy was generally doing well and because the minimum wage even after it was raised was not so high as to cause too much of a problem. I would still say that less people where employed then would have been employed without the raise but considering how low unemployment went it might not have been a big deal. A big raise now with a softer economy would be a bad idea. A "living wage" proposal would mean a big increase in the minimum wage not just a dollar or so. Tim