Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tenchusatsu who wrote (741306)	9/23/2013 10:36:34 PM
From: i-node	Read Replies (1) \| Respond to of 1579720

>> I can see why it exists. You don't want employers going out and exploiting anyone for way too little. Nor do other employers want to compete against those who are doing just that. Kind of frustrating for an honest business to have to compete against someone skirting the law and hiring illegal immigrants, for example. That was obviously a valid concern in the distant past. But today, not so much. People are mobile today, information is readily available, and if the markets set prices higher than $2/hour, people are going to find out about it and they'll go work over there. And, people have alternatives, in the form of taxpayer subsidies that bring in more than MW anyway. The potential for downside problems is great, as we're seeing today. There are people whose labor simply isn't worth the minimum wage, particularly given the global economy (last night I was looking for someone to do a little graphic design, and I noticed people in other countries doing that work for $5/hour). And the potential for nutjobs to demand unreasonable minimum wages -- and get it -- is great. Not that I think you could ever do away with it, at least not until a major economic collapse occurs with heavy duty deflation. Which will eventually happen.