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 : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (31507)	2/1/1999 5:48:00 PM
From: DMaA	Read Replies (1) \| Respond to of 67261

Why not make the minimum wage $50,000 per year?

To: sea_biscuit who wrote (31507)	2/1/1999 6:17:00 PM
From: Les H	Read Replies (1) \| Respond to of 67261

Setting a federal minimum wage assumes that the economic conditions should be normalized in a diverse country. There are different costs associated with doing business in different locales. Raising labors costs in less developed areas only serves at the benefit of those high cost localities. The other alterative is to move the jobs overseas. One of the main reasons the Asian crisis has had less impact on the U.S. is the decrease in manufacturing industries over the last 30 years. You can look at Europe to see how such policies backfire. Their full employment is 12-15% unemployment. Now, they force 35 hour work weeks . The higher the costs of retaining workers, the less likely employment will recover after each recession.