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To: PIF
There will be fewer minimum wage jobs as business moves out or automates. For those minimum wage jobs left, there will be some middle class, employed, people who could use a little extra money but wouldn't work for $7.25/hr but might be willing to take a part time job at $15/hr. Businesses will hire these reliable, proven, motivated employees before they take a chance on a teenager, high school dropout or other person who can only qualify for a minimum wage job. End result: less jobs and greater competition. No jobs for the permanent minimum wage workers.
65 posted on 11/19/2014 9:57:51 AM PST by Teotwawki (For a person to get a thing without paying for it, another must pay for it without getting it.)
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To: Teotwawki

This will accelerate the trend toward automation of more business functions, eliminating more and more jobs. Every job has an economic value associated with it. If the fully-loaded cost to perform a job doesn’t warrant the return the owner will receive, then the job is eliminated. If the cost of an employee exceeds the cost of an alternative method of performing the same business function, the job will be eliminated.

All laws and regulations like this do is force more jobs underground (cash only); increase imports of less-expensive foreign goods; and increase unemployment among the young, the minorities, and the (already) poor.

Ronald Reagan expressed it well: “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it”.


68 posted on 11/19/2014 10:05:54 AM PST by Be Free (I believe in gun control. The more people that control their own guns, the safer we'll all be.)
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To: Teotwawki

That, of course, would be considered a personal attack by a dedicated liberal.

Facts, reason, common sense, and Econ 101 simply do not enter into a discussion (shortly to be come a viscous argument) as far as a liberal is concerned. They have been told, likely by Bill Moyers on PBS, that such things are facetious and are Right Wing talking points, like the US Constitution ...


70 posted on 11/19/2014 10:45:07 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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