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

To: tejek who wrote (786661)	5/29/2014 1:31:36 AM
From: i-node	Read Replies (1) \| Respond to of 1577025

>> ..that all the economic theories you espouse help to make American corps richer; frequently at the expense of the average American? I thought the argument was that a higher minimum wage lifts all [corporate] boats because those people spend that money? So, you're saying a lower minimum wage benefits "corporations"? Which is it?

To: tejek who wrote (786661)	5/29/2014 10:01:26 AM
From: TimF	Read Replies (2) \| Respond to of 1577025

Many of the principals that are supportive of a higher min wage were in place well before WA state was even a state. Maybe but the point isn't the ideas behind it so much as the practicality of it. Such a high minimum wage does cause WA some harm, but the harm is contained because it's one of the wealthier states. Without the practical ability to support such a wage the principles behind it probably wouldn't matter so much, either the wage requirement wouldn't get implemented in the first place, or it would be clearly harmful in practice. That's one of the points arguing against a national minimum wage, or at least against one that isn't rather low. The revenue and cost structures of businesses, and the labor market in different states, are different. What works (or at least is tolerable) for the richer states wouldn't work so well for say Arkansas.