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To: Gunslingr3

Wages are stagnant. This will cause upward pressure across the board for better or worse.


72 posted on 07/26/2016 5:51:04 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Wage laws do not alter human productivity. Because there are additional expenses beyond the official wage rate you’re essentially outlawing the trade of time for labor by the least capable workers. Those who can’t produce the $20+/hr of value the law insists, they will simply be unemployed (and turn to the black market). Entrepreneurs will be forced to spend more on capital goods than labor, to augment the remaining labor pool. Then politicians will demand more welfare to assist the freshly unemployed...


104 posted on 07/27/2016 12:02:12 PM PDT by Gunslingr3
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