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

To: i-node who wrote (206469)10/14/2004 9:20:11 AM
From: combjelly  Read Replies (1) | Respond to of 1574664
 
"Any raise in the minimum wage costs jobs."

Link please...



To: i-node who wrote (206469)10/14/2004 10:30:03 AM
From: SilentZ  Read Replies (2) | Respond to of 1574664
 
>Any raise in the minimum wage costs jobs. So, proponents of job growth AND increasing the minimum wage are trying to have it both ways.

This really is a vast oversimplification, especially in the long run.

Just an example: a worker working 60 hours per week at $5.15 an hour makes $5,000 less than if he were making $7/hr. That For $5000/year, that worker could make his kid the first one in the family to go to college, in the long run ending the family's vicious cycle of poverty. And, improving our economy by putting a better-educated worker into it.

Poverty breeds more poverty, and it's extremely tough for many people to rise above it. The more people we can get over the poverty line, the better.

-Z



To: i-node who wrote (206469)10/14/2004 1:54:40 PM
From: tejek  Read Replies (1) | Respond to of 1574664
 
I do support the raising of the minimum wage, but we surely have to be careful with it.

Any raise in the minimum wage costs jobs. So, proponents of job growth AND increasing the minimum wage are trying to have it both ways.

Any raise? Sometimes but not always. More likely, there will be a reduction in profits. And even then, not always.


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