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

To: TimF who wrote (786650)	5/29/2014 1:20:52 AM
From: tejek	Read Replies (2) \| Respond to of 1577030

The fact is that WA state has the highest minimum wage in the country and yet, is one of the most prosperous states economically. It became prosperous, then it could afford the negative economic impact of a higher minimum wage and still be ok. Many of the principals that are supportive of a higher min wage were in place well before WA state was even a state. Read about the prosperous potlatch Native Americans and the socialism they practiced. Dare I say, Tim, you might learn something. If a less prosperous state, like Mississippi, West Virginia, or Idaho, passed such a high minimum, it would be a lot more harmful. The same amount of dollars would represent a larger amount of purchasing power, and at the same time the marginal employer would be generating less income and revenue per employee both in dollar and purchasing power terms. You don't know that. Its conservative speculation; speculation that usually coincides with an American corp's view of the world. Don't you find that at all suspicious.........that all the economic theories you espouse help to make American corps richer; frequently at the expense of the average American?

To: TimF who wrote (786650)	5/29/2014 5:06:47 AM
From: Bilow	Read Replies (1) \| Respond to of 1577030

Hi TimF; Re: "The fact is that WA state has the highest minimum wage in the country and yet, is one of the most prosperous states economically. "; (1) To support this, you need to provide some evidence. (2) Assuming you do, what happens in a single state is not very good evidence for the effect. You'd need to present evidence that, for example, Washington State didn't have prosperity until they made this single change (and nothing else) and this made the difference. Of course Washington State has a lot of other reasons for being prosperous, for example, Microsoft is based there. (3) And finally, if we accept your evidence at face value, it suggests that minimum wages should be left to the individual states. You're claiming that Washington State was able to improve its economy despite Oregon and Idaho having lower wages. Same applies to the other states. Let the states choose. God knows that the cost of living is different in Alaska and Arkansas; shouldn't the minimum wage be different as well? -- Carl