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Politics : Right Wing Extremist Thread -- Ignore unavailable to you. Want to Upgrade?

To: dave rose who wrote (15597)	9/4/2001 1:04:21 PM
From: Lane3	Read Replies (3) \| Respond to of 59480

Raising prices may make you unable to compete and you must fold the business. Imports will take your place, or a substitute product will be used. Since you and your in-country competitors are all subject to the same minimum wage law, you will all naturally raise your prices in response to the increase in cost to you and it's a wash, competition wise. You are at risk, though, as you say, to substitute products and imports. So what do we do about this? 1)We can discontinue the minimum wage laws, let the market set wages, and let nature take its course. 2)We can establish a minimum wage at the risk of losing some jobs and some businesses. 3) We can make direct welfare payments to the working poor. Number one would be my first choice. I guess it would be yours, too. The people have consistently indicated that they don't have the stomach for that and they expect government to deal with it. Then, given a choice between 2 and 3, I strongly prefer 2. Don't you? Karen