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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (49039)	2/13/2008 11:52:47 AM
From: TimF	Respond to of 543056

Third, it plausibly would put some businesses out of business--but that happens all the time as a consequence of free trade, with business moving to Asia, the Caribbean, central America etc 1 - The two are not different alternatives, to the extent they both operate they combine. If you think trade is bad, I'd say your wrong, but if we assume for a second that your right, your just compounding the harm with a "living wage" law. 2 - Allowing lower price goods helps consumers, while a minimum wage hurts consumers, and trade generally increases employment and economic growth and efficiency, while minimum wages either do just about nothing (if they are low enough) or hurt consumers, lower employment, and reduce economic growth and efficiency.