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

To: Peter Dierks who wrote (364898)12/31/2007 2:37:48 AM
From: SilentZ  Read Replies (1) | Respond to of 1573924
 
>So you claim that minimum wage increases don't cause recessions? I will enjoy watching you squirm out from under that claim.

My best friend has a PhD in economics and has told me on several occasions that as long as minimum wage doesn't come close to the going rate for skilled labor (which I think he said is about $14/hr right now), increases in minimum wage should not have adverse effects on the economy. If you need me to, I can probably get him to post a bit on the subject.

-Z



To: Peter Dierks who wrote (364898)12/31/2007 7:15:58 AM
From: Road Walker  Read Replies (1) | Respond to of 1573924
 
So you claim that minimum wage increases don't cause recessions? I will enjoy watching you squirm out from under that claim.

Yes, that's what I claim. Now I suppose if you raised the minimum wage to $70K a year it might be problematic.

Why are you so invested in keeping a "working poor" class?


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