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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (206428)	10/14/2004 12:50:52 AM
From: Joe NYC	Read Replies (2) \| Respond to of 1574356

Z, re: raising minimum wage causes job losses I said, it could. It doesn't have to lead to fewer jobs. If other conditions improve in conjunction, that won't happen. What other conditions do you have in mind in conjunction of minimum wage rise? El Nino? Do you know what it's like to raise a family on $5.15/hr? If that's the best we can do, then we are seriously fked. How is it compared to $0.00/hr? Joe

To: SilentZ who wrote (206428)	10/14/2004 1:14:04 AM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1574356

Z, Do you know what it's like to raise a family on $5.15/hr? If that's the overriding reason for raising the minimum wage, then we should raise it to $18/hour, given that a study set the "low income" level at around $36,000: Message 20631673 Message 20631927 Of course, I exaggerate to make a point. Minimum wage was never meant to feed a family. To me, it only serves as a floor so that businesses are prevented from exploiting cheap labor. It doesn't have to lead to fewer jobs. If other conditions improve in conjunction, that won't happen. The point is that raising the minimum wage will indeed create a negative effect on jobs. It's nice to aim for improving conditions so much that we can afford to raise the minimum wage without losing jobs. But we're stuck with the reality that the economy can only grow at a certain rate. So which statistic should we focus on? Lower unemployment, or higher wages for workers paid by the hour? Tenchusatsu