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: tejek who wrote (785860)	5/21/2014 7:41:38 PM
From: i-node	1 Recommendation Recommended By FJB Read Replies (1) \| Respond to of 1579770

>> A higher min wage might get more people to work service jobs and quit welfare. But we already know that CBO has projected an increased minimum wage to the level the President was asking for would result in 500K or more jobs lost, on a net basis. Of course welfare creates an incentive not to work. But that is overcome, by a wide margin, by the incentive created by minimum wages for employers not to hire. It is a stupid thing that punishes the poor and keeps them enslaved to the government. There is no more anti-labor regulation in existence than the minimum wage.

To: tejek who wrote (785860)	5/22/2014 12:58:02 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1579770

Ted, A higher min wage might get more people to work service jobs and quit welfare. After all, isn't that the right's argument..........that welfare is so lucrative it encourages people not to work. Too high of a minimum wage will increase unemployment and increase dependence on welfare. Raising the minimum wage would be OK if unemployment were at 5% or less. Right now, nationally it's 6.3%. Not bad, but not a good time to drastically hike the minimum wage. Tenchusatsu